Markets Extend Winning Streak To Fourth Day As Auto, IT Stocks Gain

Equity benchmark indices rose for the fourth straight session on Friday, with Nifty ending above 22,000, tracking advances in index giants L&T, Infosys, and M&M, amid a strong trend in the global markets.

The 30-share BSE Sensex went up 376.26 points or 0.52 percent to 72,426.64. During intraday trading, the index peaked at 72,545.33 and fell to 72,218.10.

The broader NSE Nifty advanced 129.95 points or 0.59 percent to 22,040.70.

Wipro, M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India, and IndusInd Bank were the top gainers on Sensex.

Among the laggards were PowerGrid, SBI, Reliance, NTPC, and Axis Bank.

In the Asian markets, Japan’s Nikkei, Hong Kong’s Hang Seng, and South Korea’s Kospi all posted strong advances.

On Thursday, the US stock market concluded higher after trading overnight.

Brent crude lost 0.83 percent to $82.17 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,064.15 crore on Thursday.

On Thursday, the Sensex soared 227.55 points or 0.32 percent to 72,050.38, while Nifty moved 70.70 points or 0.32 percent to 21,910.75.

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