Equity benchmarks recovered sharply on Friday after a sharp fall in the previous trade with the Sensex jumping 907 points in early trade, tracking a positive trend from Asian markets.
Besides, a jump in index major Reliance Industries helped the benchmark bounce back.
The 30-share BSE benchmark Sensex rose 906.98 points to 53,699.21. The broader NSE Nifty jumped 308 points to 16,117.40.
Mohit Nigam, PMS Head, Hem Securities said, “Indices are set to trade with strong gains amid positive signals from Asian peers.
All Sensex companies were trading in the green in early trade with Tata Steel, Dr Reddy’s, IndusInd Bank, State Bank of India, Nestle, Hindustan Unilever, Sun Pharma and Reliance Industries trading in the green.
The BSE benchmark closed down 1,416.30 points or 2.61% at 52,792.23 on Thursday. The NSE Nifty closed at 15,809.40, down 430.90 points or 2.65%.
Meanwhile, Asian markets in Hong Kong, Shanghai and Tokyo were trading in the green.
The US stock markets closed with a fall on Thursday.
International oil benchmark Brent crude fell 0.89% to $111.04 a barrel.
Foreign institutional investors offloaded shares worth ₹4,899.92 crore on Thursday, according to stock exchange data.