Business Update: Metals and financials lift equity indices, Tata Steel up 4.1 pc

DN Bureau

Equity benchmark indices were up by nearly half per cent during early hours on Friday following a positive trend in Asian markets.

BSE
BSE

Mumbai: Equity benchmark indices were up by nearly half per cent during early hours on Friday following a positive trend in Asian markets.

At 10:15 am, the BSE S&P Sensex was up by 181 points or 0.5 per cent at 36,653 while the Nifty 50 edged higher by 50 points or 0.46 per cent at 10,790.

However, IT stocks fell after rallying a day earlier with Infosys and Tata Consulting Services dipping by 1.5 per cent each, Wipro by 1 per cent and Tech Mahindra by 0.5 per cent.

Meanwhile, Asian shares eked out gains as hopes of more government spending around the globe quelled concerns about rising new coronavirus case numbers and worsening tensions between Washington and Beijing.

MSCI's broadest index of Asia Pacific shares outside Japan advanced by 0.5 per cent while Japan's Nikkei was almost flat.

In China, the CSI300 index climbed by 1.1 per cent as investors shrugged off reports that Washington is considering banning travel to the United States by all members of the Chinese Communist Party. (ANI)

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