Sensex rises more than 600 points, Nifty trades above 15,700

In line with bullish signs from the international markets, Indian equities indices opened the day Friday in the green, adding to their gains for the second straight day.

In line with bullish signs from the international markets, Indian equities indices opened the day Friday in the green, adding to their gains for the second straight day. Following a rally on Wall Street overnight, Asian shares soared today.

The local indices got off to a higher start, according to trends on the Nifty Futures on the Singapore Exchange (SGX Nifty).

Early in the session, the broad NSE Nifty increased by 175 points, or 1.12%, to trade at 15,732, while the 30-share BSE Sensex increased by 604 points, or 1.16 percent, to 52,870.

As the Nifty Midcap 100 increased by 0.93 percent and the small-cap index increased by 1.26 percent, mid- and small-cap shares were trading strongly today.

The National Stock Exchange’s 15 sector indexes were all trading in positive territory. The NSE platform was outperformed by the sub-indices Nifty Bank and Nifty FMCG, which increased by up to 1.55 and 1.17 percent, respectively.

IndusInd Bank was the biggest Nifty gainer on a stock-by-stock basis, with the stock rising 3.10% to 809.25. Other winners included Hindustan Unilever, Tata Consumer Products, Bharti Airtel, and ICICI Bank.

1,794 equities on the BSE were rising while 361 were falling, contributing to a positive total market breadth.

As measured by the 30-share BSE index, the top gainers included IndusInd Bank, HUL, Airtel, ICICI Bank, Reliance Industries, Ultratech Cement, Tata Steel, SBI, Kotak Mahindra Bank, Dr. Reddy’s, HDFC Bank, and Bajaj Finance.

Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, increased 0.56 percent to trade at INR 668.60.

Tech Mahindra and Asian Paints, on the other hand, were trading in the red.

On Thursday, the Sensex had increased by 443 points, or 0.86 percent, to end the day at 52,266 while the Nifty had increased by 143 points, or 0.93 percent, to finish the day at 15,557.