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Sensex Surges Over 500 Points, Nifty Trades Above 16,750; IT Stocks Climb

Sensex Surges Over 500 Points, Nifty Trades Above 16,750; IT Stocks Climb

Sensex and Nifty started on a higher note today.

New Delhi:

Indian equity benchmarks on Friday surged in opening deals amid positive cues from the global markets. Asian stocks were mostly up, in line with an overnight surge on Wall Street after private payrolls data stirred hopes that the American economy was likely cooling.

Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a gap-up start for the domestic indices.

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The 30-share BSE Sensex rose 539 points or 0.97 per cent to 56,357, while the broader NSE Nifty moved 148 points or 0.89 per cent down to trade at 16,776.

Mid- and small-cap shares were positive as Nifty Midcap 100 climbed 0.60 per cent and small-cap soared 0.95 per cent.


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