Bulls back in action as indices rise nearly 2%
Benchmark indices rose nearly 2% on Friday amid buying across the sectors after US President Donald Trump put a 90-day pause on reciprocal tariffs.
Benchmark indices rose nearly 2% on Friday amid buying across the sectors after US President Donald Trump put a 90-day pause on reciprocal tariffs.
Stock Market staged a strong rebound, snapping a three-day losing streak with Nifty 50 closing above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.
At close, the Sensex was down 2,226.79 points or 2.95% at 73,137.90, and the Nifty was down 742.85 points or 3.24% at 22,161.60.
It was a total bloodbath on Dalal Street as the Nifty 50 tanked 906.95 points, or 3.96 per cent at 21,997.50, while the Sensex nosedived 2,792.89 points, or 3.71per cent at 72,571.80 at 11:30 am.
The Trump tariff triggered selloff in IT, while pharma bucked the trend.
At close, Sensex was up 592.93 points or 0.78% at 76,617.44, and the Nifty was up 166.65 points or 0.72% at 23,332.35.
At close, Sensex was down 1,390.41 points or 1.80% at 76,024.51, and the Nifty was down 353.65 points or 1.50% at 23,165.70.
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
At close, Sensex was up 317.93 points or 0.41% at 77,606.43, and the Nifty was up 105.10 points or 0.45% at 23,591.95.
At close, the Sensex was up 32.81 points or 0.04% at 78,017.19, and the Nifty was up 10.30 points or 0.04% at 23,668.65.