Mumbai, 20 March. The Indian stock market opened with great gains in Friday’s trading session. At 9:25 am, Sensex was at 75,008, up 801 points or 1.08 per cent, and Nifty was at 23,250, up 248 points or 1.08 per cent. Government banking and energy were sharing the work of leading the market rally in the initial trade. Nifty PSU Bank and Nifty Energy were the top gainers among the indices. Almost all indices including Metal, Commodities, PSE, Oil & Gas, Defence, IT, Manufacturing, Infra, Media, Auto and Pharma were in the green. Along with largecap, midcap and smallcap are also seeing growth.

The Nifty Midcap 100 index was at 55,436, up 943 points or 1.73 per cent, and the Nifty Smallcap 100 index was at 15,911, up 207 points or 1.32 per cent. Tata Steel, Tech Mahindra, SBI, L&T, Power Grid, NTPC, Infosys, HCL Tech, Titan, Adani Ports, ICICI Bank, Eternal, Indigo, ITC, TCS and Asian Paints were the gainers in the Sensex pack. HDFC Bank was the only loser. According to Hitesh Taylor, Research Analyst, Choice Broking, bearish trends continue in the market, with 23,200-23,250 resistance levels and 22,850-22,900 support levels visible for Nifty.

Analysts say recent signals from the US and Israel are expected to ease potential tensions in the Iran conflict, which has provided some relief to global markets. Asian markets are also witnessing a boom. Korean, Singapore, Australian and Chinese markets were in the green. American markets closed in the red on Thursday. The Dow was down 0.44 percent and the Nasdaq was down 0.28 percent. Selling by foreign institutional investors (FIIs) continues. FIIs had withdrawn Rs 7,558.19 crore from the Indian equity market on Thursday. Domestic institutional investors (DIIs) continued to invest and invested Rs 3,863.96 crore during this period.