Equities opened higher on Friday on the back of advances across Asia and US. Secondline stocks were trading on a positive note as well. All sectoral indices posted decent gains with capital goods and metals in the forefront.
Bombay Stock Exchange’s Sensex was at 14439, up 143 points while National Stock Exchange’s Nifty was trading at 4357, higher by 20 points. Market breadth was extremely strong.
US stocks advanced overnight as rising oil prices drove up shares of energy companies and the latest Treasury auction eased worries over demand for government debt.
The Dow Jones Industrial Average was up 103.78 points, or 1.25 per cent, at 8,403.80, the Standard & Poor's 500 Index climbed 13.77 points, or 1.54 percent, at 906.83,
and the Nasdaq Composite Index rose 20.71 points, or 1.20 percent, at 1,751.79.
Asian stocks were also trading higher on the back of gains in mining companies after better-than-expected Japanese factory output report lifted copper prices. Chinese and Taiwanese markets were shut Friday on account of a trading holiday. The Nikkei edged 0.06 per cent higher, Hang Seng rose 0.38 per cent, Straits Times added 1.18 per cent and S&P/ASX inched up 1.44 per cent.
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