By IANS,
Mumbai : A benchmark index for Indian equitie Friday built on its early gains amid positive cues from Asian markets. Broader markets too were on the rise.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,565.04 points, was ruling at 18,695.13 points, up 258.94 points or 1.4 percent from its previous close at 18,436.19 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the green at 5,578.95 points, up 0.67 percent.
Broader markets too rose. The BSE midcap index was ruling 1.04 percent up and the BSE smallcap index was trading 0.75 percent up.
The market breadth at the BSE was positive with 1,672 stocks advancing, 880 on the decline and 102 remaining unchanged.
Telecom, IT and energy stocks were among the major gainers, consumer durables scrips saw some selling.
Among gainers on the Sensex were Tata Power, Bharti Airtel, Tata Motors and HDFC. There were only two losers on the benchmark at this time: DLF and Hindalco.
Asian markets were mostly in the green as traders cheered the news of Greece finally getting a new bailout package from the European Union and the International Monetary Fund.
The likelihood of US President Barack Obama striking a deal with the Republicans to lift the country’s debt ceiling also enthused global markets.
The Japanese Nikkei Thursday closed 1.22 percent higher at 10,132.11 points.
The Hang Seng of the Hong Kong stock exchange was ruling 1.57 percent up at 22,332.43 points, while the Chinese Shanghai composite index was trading 0.16 percent up at 2,770.29 points.