Markets Rise For 2nd Day In A Row As Investors Buy IT Stocks

On Friday, stock markets extended gains for a second day, mainly to purchasing in IT firms and robust trends in US markets.

The 30-share BSE Sensex rose 241.86 points, or 0.34 percent, to 71,106.96. It climbed 394.45 points, or 0.55 percent, during the day to 71,259.55.

Nifty gained 94.35 points, or 0.44 percent, to 21,349.40.

The top gainers were Wipro, HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen & Toubro, and JSW Steel.

Among the laggards were the State Bank of India, Bajaj Finance, ICICI Bank, HDFC Bank, Axis Bank, and IndusInd Bank.

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

Markets in Europe were trading on a mixed tone.

On Thursday, the US markets finished in the green.

Brent Crude surged 1.01 percent to USD 80.19 per barrel.

According to the data exchange, foreign institutional investors (FIIs) sold securities worth Rs 1,636.19 crore on Thursday.

On Thursday, the BSE benchmark advanced 358.79 points, or 0.51 percent, to 70,865.10. The Nifty jumped 104.90 points, or 0.5 percent, to 21255.05.

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