Sensex jumps over 260 points while Nifty above 17,400 in early trade

The Sensex rose over 262 points in early trade on Friday, tracking advances in index heavyweights Infosys, ICICI Bank, and HDFC amid mixed Asian market indications.

Also Read| Sensex jumps over 260 points while Nifty above 17,400 in early trade

In early trade, the 30-share index was up 262.86 points, or 0.45%, at 58,724.15. Likewise, the Nifty gained 68.45 points, or 0.39%, to 17,470.10.

Also Read| Gold, silver and other metal prices on December 3, 2021

The biggest gainer in the Sensex pack was Infosys, which rose 1.86%, followed by L&T, Axis Bank, NTPC, ICICI Bank, Kotak Bank, M&M, and HDFC. On the other hand, Nestle India, Dr. Reddy’s, Sun Pharma, Bharti Airtel, Bajaj Auto, and Asian Paints were among the losers.

Also Read| Fuel Price today: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on December 3

The 30-share market benchmark rose 776.50 points, or 1.35%, to 58,461.29 in the previous session. Similarly, the NSE Nifty increased by 234.75 points, or 1.37%, to 17,401.65.

Also Read| Stocks that should be on your watchlist on Friday, December 3, 2021

According to exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Thursday, selling shares worth Rs 909.71 crore.

Also Read| Trending Stocks: L&T, NDTV, Redington, ABB India and others in news today

Elsewhere in Asia, bourses in Hong Kong and Tokyo were up in mid-session trade, while Shanghai and Seoul were down. In the overnight session, stock markets in the United States closed with big gains.

Also Read| Bulk Deal: Societe Generale purchased shares of Karda Constructions on NSE

Meanwhile, Brent crude, the international oil benchmark, increased 0.82% to USD 70.24 per barrel. In early trade, the rupee rises 4 paise to 74.98 against the US dollar.

Also Read| Trade Setup: Top 15 things to know before market opens on December 3, 2021