Business

Following 4 Days Of Decline, Markets Pulls Strongly; Sensex Gains 599 Points

Stock markets recovered from early lows to close higher on Friday, snapping the four-day losing streak thanks to strong bargain buying in banking and auto stocks.

The 30-share BSE Sensex soared 599.34 points or 0.83 percent to 73,088.33. The index fell 672.53 points, or 0.92 percent, to a low of 71,816.46 in early trade. However, the index rebounded in the second half due to value-buying in banking stocks.

The NSE Nifty advanced 151.15 points or 0.69 percent to 22,147. The broader declined to a low of 21,777.65 in early trading before recovering its losses to finish in the positive.

Bajaj Finance, Mahindra & Mahindra, Maruti, Suzuki, HDFC Bank, Jindal Steel & Power, Zomato, Grasim Industries, HAL, Wipro, Bharti Airtel, and Trent were the top gainers.

Among the laggards were Bajaj Auto, ICICI Prudential, United Spirits, Berger Paints, Jio Financial Serv., and TVS Motor Company.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all concluded in the negative territory.

European stock markets were trading lower.

US markets closed mostly lower on Thursday.

Brent crude gained 0.55 percent to USD 87.62 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,260.33 crore on Thursday.

On Thursday, the BSE benchmark dipped 454.69 points or 0.62 percent to 72,488.99, while the NSE Nifty sank 152.05 points or 0.69 percent to 21,995.85.

Also read: UAE’s Foreign Minister Calls His Iran Counterpart To Discuss Middle East Tensions

Spriha Rai

Recent Posts

Maha Kumbh 2025: Yogi Government’s Strategic Coordination Ensures Timely Preparations

For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…

9 hours ago

In Special Gesture, Kuwait’s Prime Minister Sees-Off PM Modi At Airport After Conclusion Of Historic Visit

Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…

10 hours ago

Maha Kumbh 2025: Shri Panchdashnam Aawahan Akhara Makes Grand Entry Into Maha Kumbh City

Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…

11 hours ago

India’s Unifying Initiative: MRM Declares Bhagwat’s Message As The Foundation Of National Unity

The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…

11 hours ago

Maha Kumbh-2025: Prayagraj Mela Authority Deploys Advanced Sanitation Technology

For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…

12 hours ago

PM Narendra Modi To Attend Christmas Celebrations At CBCI In New Delhi

Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…

12 hours ago