The Indian stock market opened in the green on Friday, continuing its gains from the previous session. At 9.30 am, the BSE Sensex was trading 435.49 points, or 0.56 per cent, higher at 77,937.61, while the NSE Nifty 50 gained 200 points, or 0.84 per cent, to 24,375.65.
The rally in the market was led by IT stocks for the second consecutive day, with HCL leading the pack with a 5 per cent surge in its stock value. This was closely followed by other tech and IT companies like Tech Mahindra, TCS, and Infosys, all gaining more than 2 per cent in early trade.
Among the other blue-chip stocks, Bajaj Finance, Tata Steel, BEL, Hindustan Unilever, Ultra Tech Cement, and Bharti Airtel also traded with gains.
Broader markets mirrored the positive trends, with Nifty 100, Nifty 200, and Nifty 500, mid-cap, and small-cap indices rising up to 0.75 per cent.
Nifty IT alone climbed nearly 2 per cent, becoming the top performer on the indices.
Gains were also reported in metal, financial services, auto, private bank, realty, and FMCG.
Meanwhile, India VIX, the market’s fear gauge, declined more than 7 per cent, indicating easing volatility expectations.
Besides, Asian markets also witnessed a surge, with the Japanese Nikkei rising 0.7 per cent, while South Korea’s Kospi rose around 3 per cent amid strong investor sentiment in major chip-making companies.
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