Sensex jumps 80 points, Nifty tops 12,200; Coffee Day jumps 5%

NEW DELHI: Domestic equity indices were trading higher in Friday’s morning session, led by gains in index heavyweights ICICI Bank, L&T and HDFC.

BSE flagship Sensex rose 80 points to 41,466 while NSE barometer Nifty advanced 35 points to 12,214.

Broader market indices too traded in the green. Nifty Smallcap was up 0.02 per cent at 6,296 while Nifty Midcap was up 0.21 per cent to 18,227. Nifty 500 was down 0.03 per cent to 10018.


Sectoral indices traded on a mixed note. Nifty Bank, Nifty Financial Services, Nifty Private bank, Nifty IT and Nifty metal fell 0.1 to 0.7 per cent. On the other hand, Nifty Auto, Nifty FMCG, Nifty Media, Nifty PSU Bank and Nifty Realty gained in the early trade.

In the Sensex pack, Asian Paints was the biggest gainer, up 1.07 per cent at Rs 1794.25 while HUL and Titan followed with gains of 0.7 per cent and 0.57 percent respectively. Sun Pharma, RIL, Bajaj Auto, SBI and Axis Bank were among other gainers.

Power Grid, on the other hand, was the biggest loser in the pack, down 2.91 per cent at Rs 195.40 while Kotak Mahindra Bank dipped 0.98 per cent to Rs 1590. TCS, Infosys and Tech Mahindra were among other losers in the Sensex kitty of stocks.

Shares of Coffee Day Enterprises jumped 5 per cent after the Coffee Day Group signed a deal with the Chennai-based Shriram Group to sell one of its financial services units, Way2Wealth Securities, for an undisclosed sum.


Globally, Asian shares held their ground as trade slowed for the Lunar New Year, despite investors fears that a new coronavirus in China could spread faster as millions of people would be travelling over the week-long holiday.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent, while Japan's Nikkei eased a marginal 0.05 per cent and Australian stocks added 0.3 per cent.

Brent crude futures shed as much as 0.16 per cent to below $62 a barrel in early Asian trade on Friday, its lowest since Dec. 4, after falling 1.9 per cent the previous session.

US West Texas Intermediate (WTI) futures declined as much as 0.22 per cent to $55.47 and were on course for a 5 per cent fall for the week.