Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Following erratic indications from Asian stocks, the Indian stock markets experienced losses on Friday morning.
In opening session on Friday, the BSE Sensex fell 176 points to 59,781.42 and the NSE Nifty 50 fell 55 points to 17,826.45 points. Later in the day, it is anticipated that domestic stocks would increase.
Finolex Industries, CG Power, ITI, Nations Standard India, and Apcotex Industries were a few of the active stocks that increased on the BSE. Laggards included Motherson, Marksans, BCG, and Apar Industries.
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On Friday morning in Asian markets, China’s Shanghai SE rose 17 points, Hong Kong’s Hang Seng increased 10 points, and Japan’s Nikkei fell 300 points.
As markets ended, Refinitiv Europe was up 2 points and the FTSE had gained 69 points on the European markets, along with the CAC 40, Deutsche Borse, and the CAC 40.
At the close of trade on Thursday, the Dow Jones increased and ended the day 216 points higher, the Nasdaq rose 69 points, and the S&P gained 13 points. The Indian rupee decreased 28 paise to 81.390 US dollars.
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