sensex today: Markets continue to rally; Sensex, Nifty firm above key marks

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sensex today: Markets continue to rally; Sensex, Nifty firm above key marks

NEW DELHI: On Friday, the markets once again opened on a positive note to extend the rally which saw Sensex post the highest gain in three months on Thursday.

30-share BSE Sensex gained 87.34 points to open on 32,247.74 and the broader 50-share NSE Nifty started trading on 10,123.70, up by 27.30 points. Both the indices extended gains in the first half hour of trading, thus keeping Sensex and Nifty firm above key psychological marks of 32,000 and 10,000.

The equity market which has been on a northward move for the last two weeks is expected to be further buoyed by signs of recovery in economy. Government data on Thursday showed that India’s factory output has touched a nine-month high. Easing of geopolitical tensions and huge inflow of investor wealth in mutual funds have also boosted the markets.

The Airtel stock surged 7 per cent in Friday’s early trade after it took over Tata Teleservices on Thursday.

Metal stocks were also on the move with the Nifty Metal sub-index gaining 0.5 per cent.

Apart from Airtel, Tata Steel, Reliance, Infratel and HDFC were the other major gainers while GAIL, Hindalco and NTPC were losing the most.

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