Sensex Gains 200 pts At Open, Nifty Near 17,600; NTPC Jumps 3%

Sensex Today: Indian markets opened on a positive note amid mixed global cues on Friday morning. Frontline indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex climbed over 200 points to trade at 58,979 levels.

Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.7 per cent.

All sectors opened in the green zone with marginal gains. Nifty Energy bucked the trend as the index gained over 1 per cent in trade.

NTPC, Bajaj Finserv, Kotak Bank were top contributors to the benchmark indices. Meanwhile, Nestle India and Maruti Suzuki weighed on the indices.

Global Cues

Asian shares were mixed and the dollar stood tall on Friday ahead of a key US jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while commodities took an overnight dive amid new China lockdowns.

Tokyo stocks traded lower on Friday morning ahead of US jobs data due later in the day. Shares had opened slightly higher, but around half an hour into the session, the benchmark Nikkei 225 index was down 0.16 per cent, or 45.40 points, at 27,616.07, while the broader Topix index was down 0.55 per cent, or 10.56 points, at 1,924.93.

A late rally helped the S&P 500 snap a four-session losing skid on Thursday with investor focus turning to a key report on the labor market on Friday.

Meanwhile, prices of crude oil were steady below $95 per barrel due to demand fears. While Brent Crude hovered around $93 per barrel, WTI Crude was at $87 per barrel.

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