The share market opened strong on Friday as the Sensex soared around 170 points and the Nifty recaptured the 9,800 mark on continued buying support from domestic institutional investors (DIIs). The October derivatives series got off the ground on a solid footing. All sectoral indices including realty, metal and oil and gas made gains, rising up to 2.71%. DIIs bought shares worth a net Rs5,196.60 crore on Friday, as per provisional data. Investors were seen creating new positions following the beginning of the October futures and options series that lifted the key indices.
The government on Thursday said that it will borrow Rs2.08 trillion for fiscal year 2018 but dose not ruled out possibility of selling more government bonds for additional spending. The Reserve Bank of India notified that it has increased the limits for foreign portfolio investors for October-December by Rs8,000 crore for government securities and Rs6,200 crore in state development loans.