Intraday benchmark indices trimmed gains after an initial up move. The barometer index, the S&P BSE Sensex was up 165.88 points or 0.58% at 28,912.53. The market breadth indicating the overall health of the market was strong. The key event for the day is the Economic Survey for 2015-16, Most Asian stocks edged higher today, 27 February 2015.
Sensex climbs over 200 points, Nifty reclaims 8,750:-
The S&P BSE Sensex surged as much as 245 points in trade on Friday, supported by gains in HDFC, HDFC Bank, L&T and ICICI Bank. Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8750, supported by gains in capital goods, metal and power stocks.
The Indian rupee opened lower by 11 paise at 61.86 per dollar on Friday against previous day's closing value of 61.75 dollar.European equities gained as investors reacted to a raft of corporate earnings and fresh economic data. Nymex Crude slipped over 5 percent yesterday to USD 48 and Brent too slipped marginally to USD 61. And precious metal gold rose to USD 1210 an ounce.