Mumbai (Maharashtra): In a continuation of the positive and upward momentum, the stock market opened on a high note on Friday, with both the Sensex and Nifty poised for sustained upward momentum.
The optimism is fueled by positive global market conditions and expectations of an accommodative monetary policy from the US Federal Reserve.
The Sensex saw a robust opening, gaining 261.43 points to reach 70,764.99, while the Nifty 50 opened 83.30 points higher at 21,266.00. Among the Nifty companies, 40 advanced, while 10 faced declines.
At 10:06 am, Sensex was trading 397.70 points higher at 70,911.90, whereas Nifty was trading 128.60 points up at 21,311.30.
Leading the gains among Nifty firms were Hindalco, JSW Steel, UPL, Tata Steel, and Infosys. Conversely, HDFC Life, Nestle India, BPCL, Kotak Bank, and Apollo Hospitals experienced losses.
