Equity Markets Continue To rise; Sensex Increases By 1%

On Friday, Equity benchmark indices continued their previous day’s advance, with the Sensex rising one percent on purchasing in index heavyweight Reliance Industries, fresh foreign fund inflows, and a generally favorable trend in global markets.

The 30-share BSE Sensex rose 629.07 points or 1.02 percent to 62,501.69. It rose 657.21 points or 1.06 percent to 62,529.83 during the day.

The NSE Nifty surged 178.20 points or 0.97 percent to 18,499.35.

Reliance Industries gained 2.79 percent from the Sensex pack. Other big gainers included Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel, and Titan.

The laggards were Bharti Airtel, Power Grid, and NTPC.

In Asian markets, Seoul, Tokyo, and Shanghai each concluded in the green.

European equity markets were trading lower.

On Thursday, the US market closed largely higher.

Meanwhile, the global oil benchmark Brent crude rose 0.24 percent to USD 76.44 a barrel.

On Thursday, the Sensex gained 98.84 points or 0.16 percent to 61,872.62. The Nifty rose 35.75 points or 0.20 percent to 18,321.15.

According to the exchange data, Foreign Institutional Investors (FIIs) were net purchasers on Thursday, purchasing equities worth Rs 589.10 crore.

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