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Markets trade higher in early trade on buying in bank stocks, rally in Asian peers

Markets trade higher in early trade on buying in bank stocks, rally in Asian peers

Posted on December 27, 2024 By admin


A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.
| Photo Credit: REUTERS

Benchmark indices Sensex and Nifty climbed in early trade on Friday (December 27, 2024) amid buying in bank stocks and a largely firm trend in the Asian markets.

The 30-share BSE benchmark Sensex climbed 311.48 points to 78,783.96 in early trade. The NSE Nifty went up by 98.1 points to 23,848.30.

From the 30 blue-chip pack, Tata Motors, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, NTPC, Bharti Airtel, Bajaj Finserv and ICICI Bank were among the biggest gainers.

HCL Technologies, Adani Ports, Tata Consultancy Services and Larsen & Toubro were the laggards.

In Asian markets, Tokyo, Shanghai and Hong Kong traded higher while Seoul quoted lower.

U.S. markets ended on a flat note on Thursday.

Global oil benchmark Brent crude traded marginally up by 0.01% to $73.27 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,376.67 crore on Thursday (December 26, 2024), according to exchange data.

The BSE benchmark dipped 0.39 points to settle at 78,472.48 in a muted trade on Thursday. The Nifty eked out gains of 22.55 points or 0.1% to 23,750.20.

Published – December 27, 2024 10:16 am IST



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