Sensex soars 965 points as IT, banking and auto stocks lead market rally
The Indian stock markets ended on a strong note on Friday, supported by robust buying in auto, information technology (IT), and banking stocks.
The Indian stock markets ended on a strong note on Friday, supported by robust buying in auto, information technology (IT), and banking stocks.
Indian stock markets on Thursday failed to hold on to their early gains and ended flat in a volatile session, weighed down by weak global cues and profit booking.
Indian stock markets ended the week on a positive note on Friday, extending their winning streak to a third consecutive session, with the Nifty closing above the 24,250 mark, supported by buying in IT, pharma, metal and realty stocks.
Indian stock markets ended sharply lower on Tuesday, with the Nifty closing below the 23,850 mark. The markets took cues from weak global trends and uncertainty surrounding the US-Iran peace talks.
Indian stock markets on Friday ended with strong buying as the Nifty climbed above the 23,600 mark and the Sensex gained over 1,600 points. The market's gains were aided by easing crude oil prices, a stronger rupee and positive global cues.
Sensex fell as much as 0.71 per cent or over 500 points to hit an intraday low of 77,291.72 in early trade, while Nifty slipped by 168 points or 0.69 per cent to 24,158.15.
The Indian stock markets opened on a higher note on Thursday, with the equity benchmarks mirroring global cues amid hopes of easing geopolitical tensions between Washington and Tehran.
The upcoming week is expected to be crucial for Indian stock markets, with a mix of domestic and global factors likely to influence investor sentiment including key Q1 earnings, PMI data, infrastructure output figures, and developments around the India-US trade deal.
About 54 per cent of IPO shares allotted to investors were sold within a week of listing, according to the Central Bank’s monthly bulletin.
Sensex of BSE opened at 62,960.73, touched a high of 62,520.36 and closed at 62,917.63 points
