Weak recovery in Sensex on global cues; Hindalco, Infosys, TCS top gainers

The benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 135.74 points or 0.49 percent up as capital goods stocks rose.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also trading 42.20 points or 0.51 percent up at 8,384.35 points.

The Sensex of the S&P Bombay Stock Exchange (BSE) opened at 27,649.78 points, was trading at 27,533.33, up 75.75 points or 0.28% at 10:02 am from the previous day’s close at 27,457.58 points.

The Sensex touched a high of 27,694.41 points and a low of 27,516.30 points in the trade so far.

Good buying was observed in capital goods, banking and IT sectors, while selling pressure was seen in auto sector.

GLobal cues also helped the Indian equities today as Asian stocks crawled higher after upbeat US economic data revived some risk appetite lost following air strikes on Houthi militants in Yemen. The dollar rebounded against major currencies.

Crude oil prices were slightly lower on the dollar’s bounce after surging overnight on the escalating conflict in Yemen.

Among top gainers on the BSE Sensex were Infosys, Hindalco and TCS, which surged more than 2 percent today.

With inputs from agencies