Stock Market Live Updates: Sensex, Nifty jump 1% on positive global cues; Adani Group stocks in focus

Stock Market Live Updates: Indian benchmark indices opened higher on Friday, boosted by positive global cues. At 10.18 am, the Sensex rose 774.93 points, or 1%, to 77,930.72, while Nifty gained 230.10 points, or 0.99%, to 23,580. Continuous selling by FPIs, weak Q2 performance by India Inc and slowdown in economic activity will keep market under pressure, said analysts. However, global investment advisory firm Goldman Sachs said it expects the market to remain range-bound over the next 3 months, with Nifty 3 month target of 24000 (+2 per cent) and a back-loaded recovery to its 12 month target of 27,000, driven by underlying earnings growth.