Friday Greens! Markets open cheery; Nifty near 16,800 points

3 Jun 2022 , 09:38 AM

Domestic markets ushers in enthusiastically as broader indices opened with about 1% gain. Sectoral indices Nifty IT, Metal, Bank, and Financial Services held up the chart. All indices on the chart started the day in green territory.

During opening bells, Sensex was trading 0.96% higher at 56,352 points. Nifty held an upside of 0.92% at 16,780.90 points.

At around 9.34 AM, BSE Sensex was trading at 56,321.21 points, up by 503.10 points. NSE Nifty was trading 0.79% higher at 16,759 points.

IT Heavyweights, HCL Tech (+2.68%), and Wipro (+2.62%) emerged as the top gainers with nearly 3% gain. Tech Mahindra (+2.39%), Infosys (+2.34%), and Bajaj Finserv (+1.97%) joined the rally with nearly 2% gain.

Shree Cement (-1.64%) emerged as the top underperformer with about 2% decline. Britannia (-0.87%), and Ultratech Cement (-0.52%) put pressurized the chart with a marginal decline. NTPC (-0.47%), and Asian Paints (-0.17%) followed the trail.

On the Sectoral front, Nifty IT (+1.71%) topped the chart with about 2% gain. Nifty Metal (+0.92%), Bank (+0.84%), and Financial Services (+0.85%) followed. Nifty Pharma (+0.76%), Media (+0.72%), and Auto (+0.40%) gave a further lift to the chart.

Globally, US Markets ended on a positive note with above 1% gains. Dow Jones closed 1.33% higher at 33,248.28 points.

Asian Markets gave no direct hints as Hang Seng (-1.00%), and Taiwan TSEC (-0.73%) remained in red territory. Nikkei (+1.12%) and Australia ASX (+0.79%) were trading higher.