Stock Market Updates: Indian stock markets started strongly on Friday. Both benchmark indices have seen a tremendous jump due to strong global cues. The index opened above the 51,700 level with the Bombay Stock Exchange index Sensex rising by more than 500 points, while the Nifty also opened above the 15,300 level.
At 09:16, the Sensex opened with a jump of 507.73 points, or 0.99%, to open at 51,787.24. At the same time, the Nifty recorded a gain of 136.10 points i.e. 0.90% and the index opened at 15,310.90. There was a rise in about 1214 shares with the opening.
If you look at the figures at 10.05 am, then the Sensex was trading at a level of 51,685.46 with a gain of 405.95 points i.e. 0.79 per cent. At the same time, the Nifty was trading at 15,286.00 level with an increase of 111.20 points i.e. 0.73 per cent.
Asian markets are seeing a boom on Friday. US President Joe Biden has signed a $ 1.9 trillion Kovid relief package, which has improved market sentiment. This has also calmed the US bond market.
Please tell that the domestic stock markets were closed due to Mahashivratri. In its last trading session, on Wednesday, both BSE Sensex and NSE Nifty indices closed with gains. Shares of pharmaceutical, IT and auto companies had gained momentum in the market amid positive trend globally. The BSE Sensex was up 254.03 points, or 0.50 percent, to end at 51,279.51 points and the Nifty gained 76.40 points or 0.51 percent to close at 15,174.80 points. This week, the Sensex has gained 874.19 points, or 1.73 percent, while the Nifty has gained 276.70, or 1.85 percent.