Closing Bell: Sensex Advances 167 Points In Tumultuous Trading; Nifty Reaches 21,783

The benchmark Sensex rose 167 points in tumultuous trading on Friday, boosted by purchases in ICICI Bank, State Bank of India, and Reliance Industries.

The 30-share BSE Sensex advanced 167.06 points, or 0.23 percent, to close at 71,595.49. During the day, it peaked at 71,676.49 and dropped to 71,200.31.

The Nifty climbed 64.55 points, or 0.30 percent, to 21,782.50.

State Bank of India, Sun Pharma, ICICI Bank, Axis Bank, Titan, Bajaj Finance, Nestle, Asian Paints, Kotak Mahindra Bank, Reliance Industries, IndusInd Bank, and Wipro were among the Sensex’s top gainers.

The laggards included Mahindra & Mahindra, Bharti Airtel, NTPC, Tata Steel, Infosys, JSW Steel, Power Grid, and Tata Motors.

In Asian markets, Tokyo and Shanghai closed higher, while Hong Kong closed lower.

The European markets were trading on a mixed note.

On Thursday, the US markets closed higher.

Brent crude gained 0.04 percent to USD 81.66 a barrel.

According to exchange data, Foreign institutional investors (FIIs) sold equities worth Rs 4,933.78 crore on Thursday.

The BSE benchmark slid 723.57 points, or 1 percent, to end at 71,428.43 on Thursday, amid uncertainty regarding the timing of interest rate cuts following the Reserve Bank of India’s monetary policy announcement. The Nifty dipped by 212.55 points, or 0.97 percent, to 21,717.95.

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