The BSE Sensex opened in the green on Friday after closing the previous trading session 200 points below the red line. The 30-share benchmark index was up 0.5% or 132.52 points higher at 1045 hours as investors decided to cash in on lower prices after Thursday’s volatile session.
Soon after open, Sensex was up 0.64%, trading higher by over 200 points.
Domestic equities were also taking cues from Asian markets that opened above the red line on the back of a stronger holding on the Wall Street. Wall Street marked gains overnight, with the benchmark S&P 500 index erasing sharp intra-day losses to snap a five-day losing streak, a Reuters report said.
However, going ahead, the fears of a Brexit remain in the market, with the upcoming referendum vote that will decide the fate of Britain in the European Union.
On the BSE, HDIL was trading up 3.81%, Godrej Properties was up 2.95%, Jindal Steel 2.90%, DLF 2.52%, Jubilant LifeSciences 2.81%, Maruti Suzuki 1.55%, Reliance Communication 1.39%.
The rupee appreciated 8 paisa against the dollar at the interbank foreign exchange, as there was fresh selling of the dollar by exporters and bankers due to lower trade deficit in the last fiscal.