Domestic equity markets opened with gains on Friday as traders took inspiration from heavy inflow of foreign funds.
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 739 crore on Thursday, data available with NSE suggested.
BSE benchmark Sensex gained 73 points to 41,747, while NSE barometer Nifty added 33 points to 12,292. Border market indices were higher than their headline peers as Nifty Midcap advanced 0.35 per cent to 16,964 and Nifty Smallcap gained 0.43 per cent to 5,715. Nifty 500 was up 0.27 per cent to 9,918.
Nifty FMCG and Nifty Pharma were two sectoral indices that were trading in the red. Rest were up to 2 per cent with Nifty PSU Bank adding the most — 1.73 per cent at 2,557.
Among Sensex stocks, Tata Motors DVR was the biggest gainer, up 1.81 per cent to Rs 76 while Hero MotoCorp gained 1.2 per cent to Rs 2,390. Vedanta was the biggest loser, down 1.07 per cent to Rs 147.75.
Globally, Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month.
MSCI’s broadest index of Asia-Pacific shares outside Japan was a fraction firmer in early trade, having gained 1.2 per cent for the week so far and almost 5 per cent for the month.
Japan’s Nikkei inched up 0.1 per cent after reaching a 14-month top earlier in the week. It was ahead by 2.5 per cent for the month so far. South Korea’s market added 0.25 per cent on the day and 5.5 per cent for December.
E-Mini futures for the S&P 500 held at all-time highs having put on 1.2 per cent for the week.
Source: Economic Times