Sensex rallies 566 points in early trade on buying in Reliance, IT stocks

Mumbai: Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends.

The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85.

From the Sensex pack, Wipro, HCL Technologies, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, TCS and Bajaj Finance were the major gainers.

In contrast, UltraTech Cement, NTPC, Bharti Airtel and Asian Paints were the laggards.

Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green. Trading was closed in China for a holiday.

Stock markets in the US had ended sharply higher on Thursday.

The Sensex jumped 436.94 points or 0.79 per cent to settle at 55,818.11 on Thursday. The Nifty climbed 105.25 points or 0.64 per cent to finish at 16,628.

Meanwhile, international oil benchmark Brent crude declined 0.09 per cent to USD 117.42 per barrel.

Foreign institutional investors offloaded shares worthRs 451.82 crore on Thursday, according to stock exchange data.