Key benchmark indices surged in early trade Friday despite mixed Asian cues. At 10.10 am, the BSE Sensex opened higher by 189 points at 28490.43, while the Nifty50 opened higher by 46.25 points at the 8824.25 mark. In the broader market, both BSE Midcap and BSE Smallcap gained 0.4% each.
On Thursday, FPIs sold shares worth a net Rs 215.69 crore, while Domestic institutional investors bought shares worth a net Rs 846.11 crore, as per BSE data. Market cap of HDFC exceeded that of Reliance post the announcement. Nifty Bank also crossed record high of 21,042 led by rally in banks. Mahindra & Mahindra rose 0.12% after the company declared that it has introduced seven new products under its Supro platform.
HDFC, Axis Bank and Sun Pharma were the top gainers on BSE Sensex while Infosys, HeroMoto Corp, ITC and Bajaj Auto were the biggest laggards.
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