<a href="https://www.mid-day.com/business/stock-market/article/sensex-sheds-460-points-nifty-loses-123-points-amid-rising-crude-oil-prices--23656440" target="_blank" rel="none noopener">The domestic equity benchmark indices</a> traded in the positive territory in the early deals on Friday amid buying in IT stocks, despite the surging crude oil prices amid escalating tensions in West Asia.&nbsp;
The large-caps are signalling resilience, according to market analysts.
The 30-share BSE Sensex jumped 355.40 points or 0.49 per cent at 73,604.79 in the early trade. The 50-share NSE Nifty climbed 37.30 points or 0.16 at 22,724.95 during the initial trade.
<h2>Gainers and laggards in early deals</h2>
Among the 30 Sensex constituents, Tata Consultancy Services (TCS), Infosys, Reliance Industries, HCL Tech, Larsen &amp; Toubro and Axis Bank were the major gainers. The stock of TCS rose 3.50 per cent in the early deals, while Infosys shares gained 2.87 per cent. Reliance Industries stock was trading 1.93 per cent higher in the initial trade.&nbsp;
Tata Steel, Titan, Adani Ports, Bharat Electronics and InterGlobe Aviation were the major laggards. <a href="https://www.mid-day.com/business/business-news/article/tata-group-stocks-rally-on-tata-sons-board-decisions-tata-chemicals-surges-7-per-cent-23650514" target="_blank" rel="none noopener">Shares of the Tata Group firms</a> Tata Steel and Titan declined 1.85 per cent and 1.78 per cent, respectively.
On Thursday, the indices extended their losses to a third consecutive session. The Sensex dropped 460.30 points, or 0.62 per cent, to close at 73,249.39, while the Nifty fell 123.70 points, or 0.54 per cent, to settle at 22,687.65.&nbsp;
<h2>Global cues</h2>
"Rising crude oil prices amid West Asian tensions could limit the domestic market&rsquo;s recovery despite the positive opening signal," Hitesh Tailor, Technical Research Analyst at Choice Broking said.
Brent crude, the global oil benchmark, was trading higher by 0.42 per cent at USD 113.65 per barrel in futures trade, according to news agency PTI.
"Brent crude spiking to USD 114 is a major negative for the economy and markets. However, there are strong positives that can counter this negative. The sharp decline in the US 10-year yield to 4.96 per cent and the appreciation in the rupee to 94.70 &nbsp;to the dollar are positives that can restrain FII selling significantly," V K Vijayakumar, Chief Investment Strategist, Geojit Investments said.
<a href="https://www.mid-day.com/business/business-news/article/market-round-up-fiis-offload-equities-worth-rs-34970-crore-diis-buy-rs-33460-crore-of-equities-23653183" target="_blank" rel="none noopener">Foreign Institutional Investors (FIIs)</a> were net sellers, offloading equities worth Rs 3,458.70 crore on Thursday, while Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth Rs 2,891.32 crore, according to exchange data.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Japan's Nikkei 225 index all traded lower, while Hong Kong's Hang Seng was trading higher.
(With inputs from PTI)

In the early deal, Sensex surged 355.40 points or 0.49 per cent at 73,604.79, while the Nifty rose  37.30 points or 0.16 at 22,724.95 

Sensex climbs 355 points in early deal amid buying in IT stocks

Sensex, Nifty decline for fourth straight session amid rising crude oil prices

The 30-share BSE Sensex jumped 355.40 points or 0.49 per cent at 73,604.79 in the early trade. The 50-share NSE Nifty climbed 37.30 points or 0.16 at 22,724.95 during the initial trade

Sensex jumps 355 points, Nifty gains 37 points in early deal amid buying in IT stocks

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