The Indian Stock market traded green on Friday, October 30, as key benchmark indices, Sensex and Nifty, rallied early, continuing last session's momentum amid buying in IT stocks and earnings-driven demand in the Tata Group's retail arm, Trent.
The 30-share BSE Sensex climbed 138.77 points to 74,289.81 in early trade. The 50-share NSE Nifty was up 38.95 points to 22,967.10.
Tata Group stock ‘Trent’ jumped 6 per cent in early trade after the retail company posted a 25 per cent year-on-year (YoY) increase in consolidated net profit to Rs 468 crore for the July-September quarter, boosting the Sensex.
Top Gainers And Losers
Category | Companies |
|---|---|
Gainers | InterGlobe Aviation, Infosys, Tata Consultancy Services, Sun Pharma, HCL Tech, Tech Mahindra |
Losers | Bharat Electronics, State Bank of India, UltraTech Cement, Tata Steel |
Crude Prices Escalated
Crude prices escalated further amid persistent geopolitical concerns. Brent crude, the global oil benchmark, was trading nearly 1.2 per cent higher at USD 116.3 per barrel in early hours.
Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 943.60 crore on Thursday, according to exchange data.
Asian Markets See Mixed Approach
Market / Region | Status / Trend |
|---|---|
South Korea (Kospi) | Trading lower |
Japan (Nikkei 225) | Trading lower |
Shanghai (SSE Composite) | Trading lower |
Hong Kong (Hang Seng) | Quoted higher |
US Markets | Ended lower on Thursday |
Earlier, the Indian market closed sharply higher on Thursday, October 30. Sensex settled at 905.01 points, or 1.24 per cent, higher at 74,151.04. The Nifty50 ended the session at 22,936.75, up 237.90 points, or 1.05 per cent.
(With Inputs From Agencies)