The Sensex rose about 113 points in early trade on Friday, mirroring advances in index mainstays HDFC Bank, Tata Steel, and Kotak Mahindra Bank, as a significant drop in global crude prices and foreign capital inflows improved market mood.

The BSE Sensex was up 112.71 points at 58,681.22. The NSE Nifty gained 33.35 points to 17,498.10.

Also Read| LPG price hike: 19-kg commercial cylinder gets costlier by Rs 250 from April 1

NTPC, Power Grid, Tata Steel, Mahindra & Mahindra, HDFC Bank, and Kotak Mahindra Bank were among the top gainers in the 30-share pack.

Titan, Infosys, ICICI Bank, and Nestle India, on the other hand, were major laggards.

The 30-share BSE benchmark fell 115.48 points, or 0.20%, to 58,568.51 on Thursday. The Nifty dropped 33.50 points, or 0.19%, to 17,464.75.

Also Read| Fuel prices: Petrol and Diesel rates remained unchanged on April 1, 2022

Other Asian exchanges were trading down during mid-session trades in Seoul, Tokyo, and Hong Kong, while Shanghai was trading higher. In the overnight session, stock markets in the United States closed on a negative note.

Meanwhile, Brent crude, the international oil benchmark, fell 4.88% to USD 107.91 a barrel. Forex market to remain closed on Friday for the annual account closing of banks.

Also Read| Trending Stocks: Future retail, Vedanta, Gail, Apollo tyres and others in news today

According to stock market statistics, Foreign Institutional Investors (FIIs) continued to purchase shares worth Rs 3,088.73 crore on Thursday.

For 2021-22, the BSE Sensex increased by 9,059.36 points, or 18.29%, while the Nifty increased by 2,774.05 points or 18.88%.

Also Read| Stocks that should be on your watchlist on Friday, April 1, 2022

The government issued a slew of recent macroeconomic statistics on Thursday, pointing to the country’s current economic predicament.

According to official statistics, the output of eight infrastructure sectors increased by 5.8% in February, the fastest gain in the prior four months, due to higher output from the coal, natural gas, refinery products, and cement industries.

Also Read| Trade Setup: Top 15 things to know before market opens on April 1, 2022

According to the Reserve Bank of India, India’s current account deficit increased to USD 23 billion, or 2.7% of GDP, in the December quarter.

The wealth of investors increased by more than Rs 59.75 lakh crore in the fiscal year 2021-22, aided by a generally positive trend in domestic stocks, with the benchmark index Sensex rising by more than 18% over time.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell ended over 1% down on Thursday

Despite several challenges in the second half of the current fiscal year, Sensex ended the 2021-22 fiscal year with a gain of 9,059.36 points, or 18.29%.