Benchmark equity indices rebounded significantly on Friday, with the Nifty hitting a lifetime high in intra-day trade, fueled by a rally in global markets and buying in Reliance Industries, Infosys, and Tata Consultancy Services.
The 30-share BSE Sensex rallied 440.33 points or 0.61 percent to 72,085.63. During the day, it rose 1,444.1 points or 2 percent to 73,089.40.
The Nifty moved 156.35 points or 0.72 percent to 21,853.80. During the day, it surged 429.35 points or 1.97 percent to reach its lifetime high of 22,126.80.
Power Grid, NTPC, Tata Steel, Tata Consultancy Services, JSW Steel, Wipro, Infosys, Tech Mahindra, Reliance Industries, and Bajaj Finance were the Sensex’s top gainers.
Among the laggards were Axis Bank, HDFC Bank, Hindustan Unilever, Larsen & Toubro and ITC.
In Asian markets, Seoul and Tokyo concluded in the green, while Shanghai and Hong Kong concluded in the red territory.
European stocks were trading with gain.
On Thursday, the US markets finished with significant gains.
Brent crude gained 0.48 percent to USD 79.08 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,879.58 crore on Thursday.
On Thursday, the Sensex shanked 106.81 points or 0.15 percent to 71,645.30 on the Budget day, while the Nifty lost 28.25 points or 0.13 percent to 21,697.45.
Also read: India Calls Ongoing Escalations In Red Sea A Matter Of Concern
Authorities have imposed a complete ban on the operation of drones and UAVs over and…
Pakistan Army Chief General Syed Asim Munir reignited controversy on Saturday by invoking the two-nation…
Pope Francis, the first Latin American pontiff, was laid to rest in a humble ceremony…
The Bihar police have taken swift action in arresting a man accused of raping a…
PM Modi distributed 51,236 appointment letters to newly-recruited candidates in central government departments and organisations…
The Indian Embassy in Berlin organised a solemn memorial service to honour the victims of…