Mumbai, Dec 27 || The Indian stock market opened on a high note on Friday amid mixed global cues as buying was seen in the auto, PSU bank, financial service pharma, FMCG and metal sectors on Nifty.
At around 9:30 am, Sensex was trading at 78,810.40 after gaining 337.92 points or 0.43 per cent, while the Nifty was trading at 23,859 after gaining 108.80 points or 0.46 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,400 stocks were trading in green, while 503 stocks were in red.
According to experts, "as the nation pays homage to Manmohan Singh, the architect of liberalisation in India, investors must be acknowledging with gratitude the wealth created by the Indian stock market after the initiation of liberalisation in 1991."
Sensex which was around 1,000 in 1991 has multiplied about 780 times since then to trade above 78,000 now delivering excellent returns to long-term investors.