Sensex Rises Over 200 Points, Despite Mixed Global Cues

Indian equity benchmarks opened with significant gains on Friday, extending gains for the second straight session, despite mixed indications from global markets, keeping investors conflicted between poor earnings reports and rising anticipation of slower rate hikes from major central banks.

The BSE Sensex index rallies over 200 points, and the NSE Nifty index opened in the green.

In broader Asia, though, equities edged lower as investors were balancing mixed corporate releases and economic data, driving a likely shift in central banks’ policymaking.

The largest Asia-Pacific share index outside of Japan, according to MSCI, was down over 0.3 per cent and on track to end a three-day winning streak. For the month and the year, the index is down almost 3 per cent and 30 per cent, respectively.