Sensex Gains Over 200 Points, Nifty Above 15,800

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The domestic stock markets have opened on a muted note, post the rally witnessed in the previous session, going by trends from the global front. Asian markets are mixed in Friday morning trade and Wall Street had ended marginally higher overnight. At 9:18 am, the BSE Sensex was trading at 52,534.15, higher by 235.15 points or 0.45 per cent and the NSE Nifty was at 15,809.95, up 65.25 points or 0.43 per cent.

Asian markets were mixed in Friday morning trade. The Hang Seng index gained 0.53 per cent in early trade and Taiwan’s index added 0.63 per cent, whereas Shanghai Composite index declined 0.47 per cent.

Wall Street ended marginally higher on Thursday, with the S&P 500 closing above its prior record high set on May 7, as economic data appeared to support the Federal Reserve’s assertion that the current wave of heightened inflation will be temporary. The Dow Jones rose 0.06 per cent, the S&P 500 gained 0.47 per cent and Nasdaq Composite added 0.78 per cent.

On the earnings front, BEML, BHEL, CG Power and Cochin Shipyard will declare their numbers during the day.

On Thursday, the BSE Sensex closed higher by 359 points or 0.69 per cent and the NSE Nifty settled with gains of 102 points or 0.65 per cent at 15,737.75.

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