Sensex jumps 257 pts, Nifty ends above 14,800

Mumbai, May 07 (PTI): Extending its winning run to the third session, equity benchmark Sensex advanced 257 points on Friday, tracking gains in index majors HDFC twins, ITC and Bharti Airtel amid a positive trend in global markets.
The 30-share BSE index ended 256.71 points or 0.52 per cent higher at 49,206.47.
Similarly, the broader NSE Nifty rose 98.35 points or 0.67 per cent to 14,823.15.
HDFC was the top gainer in the Sensex pack, spurting over 2 per cent, followed by Bajaj Finserv, M&M, NTPC, Bharti Airtel, UltraTech Cement and ONGC.
On the other hand, Bajaj Auto, Bajaj Finance, Infosys and Kotak Bank were among laggards.
“Domestic equities extended gains for third consecutive day mainly on favourable global cues and continued traction in financials (ex- PSU banks) and metals,” said Binod Modi, Head Strategy at Reliance Securities.
Barring, PSU banks, most key sectoral indices traded in green. Metals stocks remained in focus led by robust 4Q FY21 performance delivered by select metal companies and improved visibility of sustainable earnings momentum in coming quarters, he said.
Elsewhere in Asia, bourses in Shanghai and Hong Kong were in the red, while Tokyo and Seoul ended on a positive note.
Stock exchanges in Europe were trading with gains in mid-session deals.
Japan’s benchmark Nikkei 225 recouped early losses to edge up less than 0.1 to 29,357.04. Australia’s S&P/ASX 200 added 0.2 per cent to 7,075.70, while South Korea’s Kospi gained 0.7 per cent to 3,202.31. Hong Kong’s Hang Seng gyrated much of the day and was little changed at 28,648.74, up less than 0.1 per cent, while the Shanghai Composite edged 0.5per cent lower, to 3,425.43.

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