INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity market benchmarks rebounded from yesterday's selloff as BSE Sensex jumped 600 points during early deals while
the NSE counterpart Nifty breached 10,400 level in the wake of a decent rise in rupee and an ebb in the global crude oil prices
The US dollar and bond yields also eased providing relief to equity investors
The US dollar traded near its lowest level in nearly two weeks against its major peers on Friday as declining US treasury yields and
further losses on Wall Street soured sentiment, Reuters reported
Asian stocks also ameliorated after Thursday's drubbings
On Thursday, Asian stocks had plunged up to 6 per cent
A fresh spell of buying emerged across sectors, led by finance, metal and oil gas.
The NSE Nifty index was trading 188 points up at
10,423, while the BSE Sensex was up 646 points at 34,647 around 10.10 am.
Among the 50 stocks in the Nifty index, 46 were trading up, while
only four were down.
In the 30-share Sensex basket, only TCS, Infosys and Wipro were in the red.
The rupee on Friday opened 33 paise up at
73.80 against dollar on account of some selling of the American currency by banks and exporters.
BSE Midcap and BSE Smallcap indices climbed
over 2 per cent, outperforming benchmark Sensex.
At the sectoral front, all but IT and teck were in the red on BSE
Losses in shares of TCS, HCL Tech and Infosys weighed on the IT and teck indices
TCS on Thursday posted 22.57 per cent YoY rise in profit at Rs 7,901 crore for the second quarter, largely in line with Rs 7,929 crore
estimated by analysts in an ET NOW poll.
