D-Street Roars: Sensex in All Green, Nifty IT Shines Ahead of India's Sept WPI

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D-Street Roars: Sensex in All Green, Nifty IT Shines Ahead of India's Sept WPI
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The domestic market made a strong opening on Friday, tracking positive cues from global markets, while IT, banking and financial stocks provided support.

Wall Street witnessed a sharp rebound in Thursday’s overnight trade, breaking a six-day losing run, as indices soared up to 3% despite higher-than-anticipated CPI inflation print for September. In response, Asian markets also made a roaring performance on Friday, up almost 4%.

Benchmark indices made a gap-up opening on Friday with Nifty50 trading 1.45% higher and Sensex up 888.2 points or 1.55% at the time of writing. 

Investors on Dalal Street added nearly Rs 4 lakh crore to their wealth as the market cap of all the stocks listed on BSE rose collectively to Rs 273.82 lakh crore.

All sectors under the Nifty basket traded in the green, boosted by Nifty IT rallying 2.8%, while financial and banking sectors followed suit. Nifty Bank jumped 1.7%.

48 stocks on the Nifty50 index traded in the green on Friday, led by an almost 5% jump in Infosys (NS: INFY ), while Sun Pharma (NS: SUN ) traded muted. All the stocks on Sensex were trading in green.

Investors will await the WPI inflation for Sept, set to release today. Investing.com forecasts the annual figure at 11.5%, easing from 12.41% in August.

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