Markets witnessed a gap up beginning today chiefly due to firm cues from the Asian and the US markets. The Shanghai SE Composite has also seen more profits by 0.7%.
ICICI Bank, L&T, Reliance Industries, Infosys, HDFC Bank and HDFC are on a high.
The BSE 30-share rushed 258 points and the NSE ascended 72 points at 9:58 am IST.
US stocks leaped on Friday, with the Nasdaq, Dow and S&P 500 all closing at new 2009 highs.
The Dow Jones Industrial Average earned 156 points ending at the peak point since the month of November. The S&P 500 index registered 19 points. The Nasdaq Composite ascended 31 points.
Market breadth was optimistic and trading volume was moderate. Winners overcame losers by 4 to 1 on volume of 1.48 billion shares on the NYSE. Advancers lead losers by over 2 to 1 on volume of 2.28 billion shares on the Nasdaq.
European shares had a good end on Friday, registering their third day of earnings in 4 sessions. The Dow Jones Stoxx 600 index ascended 2.3% for a profit of 2.7% on the week. Germany’s DAX index rose 2.9%, while the French CAC-40 index closed 3.2% and the UK’s FTSE 100 index earned 2%. US stocks was able to rally this week in spite of moderate trading volume and some concerns about the brunt of a possible financial slowdown in China.