Stock markets trade higher in early deals
Mumbai (PTI): Equity benchmark indices Sensex and Nifty advanced in early trade on Friday, after hitting record highs in the previous session, helped by buying in blue-chip Reliance Industries and rate cut optimism.
The 30-share BSE Sensex climbed 103.96 points to 85,824.34 in early trade. The 50-share NSE Nifty went up by 36.2 points to 26,251.75.
From the Sensex firms, Mahindra & Mahindra, Reliance Industries, Hindustan Unilever, Titan, Tech Mahindra and Tata Motors Passenger Vehicles were among the major gainers.
However, Axis Bank, Power Grid, Adani Ports and Asian Paints were among the laggards.
"Wall Street was shut for Thanksgiving, leaving Indian markets to chart their own course ahead of today's Q2 GDP print. The mood stays buoyant, powered by hopes of dual rate cuts from the US Fed and RBI, and optimism on a potential US–India trade deal, even as FIIs turned sellers to the tune of Rs 1,255 crore," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index were trading lower while Shanghai's SSE Composite index quoted in positive territory.
US markets were closed on Thursday due to the Thanksgiving holiday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,255.20 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,940.87 crore, according to exchange data.
Brent crude, the global oil benchmark, climbed 0.36 per cent to USD 63.57 per barrel.
Rising for the second day on Thursday, the Sensex climbed 110.87 points or 0.13 per cent to settle at 85,720.38. During the day, it hit a record high of 86,055.86. The Nifty ended marginally higher by 10.25 points or 0.04 per cent at 26,215.55. During the day, the benchmark hit an all-time high of 26,310.45.
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'NATO air defences intercept third ballistic missile over Turkiye since start of Iran war'
Istanbul (AP): NATO defences on Friday intercepted a ballistic missile fired from Iran over Turkiye, the Defense Ministry said.
It marked the third such incident since the start of the Iran war.
Turkiyes Defence Ministry said the missile was destroyed by NATO air defences deployed in the eastern Mediterranean. Residents in the southern city of Adana reported hearing a loud explosion and sirens sounding at Incirlik Air Base, which is used by US forces, in the early hours of Friday.
No casualties were reported.
This week, NATO deployed an additional Patriot air defense system in the southeastern province of Malatya, where the Kurecik radar station is based.
The Defence Ministry stressed Thursday that Incirlik is a Turkish base – and that the foreign troop presence doesn't alter the base's status – in an apparent response to warnings from Tehran to regional countries not to host US military bases.
