New Delhi: Charged Bulls continue Thursday’s good run during the opening trade of Friday also and buying momentum was seen across the sectors.
As a result markets opened with a bang on Friday, in line with global peers.
At 0957 hrs IST, Sensex was up 214 points at 13844 and Nifty was up 58 points at 4001.
Stock brokers said reports of firming trends in overseas markets and expectations of improved third-quarter results from corporate majors were the major factors behind the upward march.
They said the government's decision to lift completely the ban on exports of sugar too had a positive impact on the trading sentiments, triggering fresh buying activity in sugar company stocks.
The banking, auto, IT, oil stocks are still in demand, and major gainers in the opening move were SBI, Infosys, ICICI, Rel Comm, Satyam, Tata Steel, ITC, Hindalco, HPCL, ONGC, Tata Motors, M&M and Maruti.
Stocks across the Asia-Pacific basin were higher on Friday.
Japan's Nikkei advanced 1.58 per cent or 265.95 points at 17,104.12, Hong Kong's Hang Seng was up 1.32 per cent or 256.68 points at 19,642.05, Taiwan's Taiwan Weighted gained 1.61 per cent or 122.68 points at 7,741.23, Singapore's Straits Times surged 0.91 per cent or 27.03 points at 2,996.7 and South Korea's Seoul Composite was up 1.55 per cent or 21.13 points at 1,386.44.
The Dow industrials rose 72.82 points, or 0.59 per cent, to 12,514.98, topping the previous record close, which came December 27, by 4.41 points.
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