Sensex Rallies Over 200 Points, Nifty Above 15,700; Infosys, TCS Gain

U.S. technology shares jumped on Thursday on optimism around a speedy economic recovery, although the Fed's hawkish message on monetary policy kept the S&P 500 subdued

The domestic stock markets have opened firm on the last day of the trading week, rebounding from the moderate losses in the previous session, on the back of positive global cues. At 9:20 am, the BSE Sensex was trading at 52,536.06, higher by 205.30 points or 0.36 per cent and the NSE Nifty was at 15,727.30, up 29.89 points or 21 per cent. The IT index has jumped almost 1 per cent to lead the gains on the bourses.  The broader markets are trading mixed, with the BSE Midcap index losing 0.3 per cent and the BSE Midcap index gaining 0.1 per cent. Asian markets were mixed in Friday morning trade following an overnight drop for the Dow Jones Industrial Average on Wall Street. In Japan, the Nikkei 225 gained 0.14 per cent while the Topix index slipped 0.55 per cent. South Korea's Kospi traded fractionally higher. The S&P/ASX 200 in Australia advanced 0.17 per cent. U.S. technology shares jumped on Thursday on optimism around a speedy economic recovery, although the Federal Reserve's unexpectedly hawkish message on monetary policy kept the S&P 500 subdued.