Mumbai: Domestic equity benchmarks opened on a positive note Friday, with the BSE Sensex gaining 123.84 points, or 0.16%, to 78,112.52 at 9:18 am. The NSE Nifty rose 19.80 points, or 0.08%, to 24,216.55, briefly touching an intraday high of 24,224.85.
The early uptick was supported by buying in index heavyweights amid rising hopes for de-escalation in the US-Iran conflict. Among Sensex constituents, ITC led gainers, jumping 2.03% to Rs 309.60. NTPC advanced 1.31%, while Trent, Adani Ports, and Tech Mahindra climbed 1%, 0.69%, and 0.57%, respectively.
The gains follow Thursday’s session, when the Sensex declined 122.56 points, or 0.16%, to settle at 77,988.68, and the Nifty edged down 34.55 points, or 0.14%, to close at 24,196.75.“Given the prevailing global uncertainties and elevated market volatility, a cautious and selective investment approach is advisable. Investors may consider accumulating fundamentally strong stocks during market corrections,” said Hitesh Tailor, Research Analyst at Choice Equity Broking Private Limited. He added that fresh long positions should ideally be deferred until the Nifty decisively breaks above and sustains the 24,500 level.
