<p>Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and TCS amid positive cues from global markets.</p>.<p>The 30-share BSE index was trading 228.56 points or 0.56 per cent higher at 40,787.05, and the broader NSE Nifty rose 70.70 points or 0.59 per cent to 11,967.15.</p>.<p>Tata Steel was the top gainer in the Sensex pack, shedding around 2 per cent, followed by Maruti, ICICI Bank, Bharti Airtel, Bajaj Finance, HDFC twins and TCS.</p>.<p>On the other hand, Infosys, HCL Tech, HUL and Asian Paints were the laggards.</p>.<p>In the previous session, Sensex settled 148.82 points or 0.37 per cent lower at 40,558.49, and the broader NSE Nifty fell 41.20 points or 0.35 per cent to 11,896.45.</p>.<p>Exchange data showed that foreign institutional investors bought equities worth Rs 1,118.46 crore on a net basis on Thursday.</p>.<p>According to Arjun Yash Mahajan, Head Institutional Business at Reliance Securities, domestic markets look to be good as of now given positive cues from global markets.</p>.<p>"However, we do not expect any meaningful gain and market may consolidate at 11,900-12,000 levels. Ongoing fiscal stimulus negotiations in the US and 2QFY21 earnings are two crucial factors to decide the market direction in the near term," he said.</p>.<p>On the global front, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.</p>.<p>Stock exchanges on Wall Street too ended with gains in the overnight session.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 0.02 per cent lower at $42.45 per barrel. </p>
<p>Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and TCS amid positive cues from global markets.</p>.<p>The 30-share BSE index was trading 228.56 points or 0.56 per cent higher at 40,787.05, and the broader NSE Nifty rose 70.70 points or 0.59 per cent to 11,967.15.</p>.<p>Tata Steel was the top gainer in the Sensex pack, shedding around 2 per cent, followed by Maruti, ICICI Bank, Bharti Airtel, Bajaj Finance, HDFC twins and TCS.</p>.<p>On the other hand, Infosys, HCL Tech, HUL and Asian Paints were the laggards.</p>.<p>In the previous session, Sensex settled 148.82 points or 0.37 per cent lower at 40,558.49, and the broader NSE Nifty fell 41.20 points or 0.35 per cent to 11,896.45.</p>.<p>Exchange data showed that foreign institutional investors bought equities worth Rs 1,118.46 crore on a net basis on Thursday.</p>.<p>According to Arjun Yash Mahajan, Head Institutional Business at Reliance Securities, domestic markets look to be good as of now given positive cues from global markets.</p>.<p>"However, we do not expect any meaningful gain and market may consolidate at 11,900-12,000 levels. Ongoing fiscal stimulus negotiations in the US and 2QFY21 earnings are two crucial factors to decide the market direction in the near term," he said.</p>.<p>On the global front, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a positive note in mid-session deals.</p>.<p>Stock exchanges on Wall Street too ended with gains in the overnight session.</p>.<p>Meanwhile, international oil benchmark Brent crude was trading 0.02 per cent lower at $42.45 per barrel. </p>