Mumbai: Tracking global markets, the benchmark Sensex rebounded by over 77 points in early trade on Friday on the Bombay Stock Exchange, on the back of buying by foreign funds in blue-chip stocks.
The BSE 30-share index, Sensex, which suffered major losses in the last two trading sessions, was up by 77.97 points at 12,790.77 in the first five minutes of trade.
Similarly, the Nifty index on the National Stock Exchange was up by 20.80 points at 3698.60.
Major support to the Sensex came in from stocks such as Reliance Communications, TCS, Gujarat Ambuja Cement, Bajaj Auto, Reliance Industries, BHEL, Hindalco, Cipla, Wipro, Tata Steel, Larsen and Toubro and Infosys Technologies. Top losers on the indices were Nalco, Satyam and TCS.
Asian stocks were broadly higher, Japan's Nikkei was up 0.31 per cent, Taiwan's Taiwan Weighted gained 0.69 per cent, South Korea's Seoul Composite was up 0.69 per cent, Singapore's Straits Times surged 0.33 per cent and Hong Kong's Hang Seng firmed 0.24 per cent.
Wall Street gained; Dow was up 19 points, reaching 12,000 milestone.
Market cues:
- RIL results beat street expectations; ONGC below estimates
- FIIs net buy USD 218.5 million in equity on October 18
- MFs net sell Rs 176.6 crore (Rs 1.76 billion) in equity on October 18
- NSE F&O Open Interest up by Rs 453 crore (Rs 4.53 billion) at Rs 46,006 crore (Rs 460.06 billion)
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