After gaining 877 points during the day, the 30-share BSE index ended 259.62 points or 0.53% higher at 48,803.68.
The equity benchmark Sensex rose 260 points after a volatile session on Thursday, with index majors HDFC twins, TCS and ICICI Bank benefiting amid largely positive signals from global markets.
After gaining 877 points during the day, the 30-share BSE index ended 259.62 points or 0.53% higher at 48,803.68.
Similarly, the broader NSE Nifty rose 76.65 points or 0.53% to 14,581.45.
TCS was the biggest gainer in the Sensex pack at around 4%, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy’s, HDFC and HCL Tech.
On the other hand, Infosys, Maruti, IndusInd Bank, Nestle India and Bajaj Finance lagged behind.
Binod Modi, head of strategy at Reliance Securities, said, “Domestic equities are witnessing a boom amid high volatility. Benchmark indices today mainly declined.
Auto stocks were the most affected mainly due to macroeconomic restrictions imposed in Maharashtra, which contributes to more than 20% of the country’s automobile production, he said, after Infosys missed the road estimates in 4QFY21 earnings. Seen a profit booking.
He added, however, that strong growth prospects saw strong buying in other IT companies.
Elsewhere in Asia, nutrition in Shanghai and Hong Kong ended in red, while Seoul and Tokyo settled with benefits.
Stock exchanges in Europe were trading on a positive note in mid-season deals.
Meanwhile, the international oil benchmark Brent crude was trading 0.63% lower at $ 66.34 a barrel.
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