Sensex ends 105 pts higher and Nifty settles above 17,800 — rupee jumps to 79.58 vs dollar


Indian equity benchmarks BSE Sensex and NSE Nifty50 extended gains to a second back-to-back session on Friday, led by gains in IT shares though losses in oil & gas shares played spoilsport. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finished the day 0.4 percent and 0.1 percent higher respectively. Dalal Street took positive cues from global markets, where stocks rose as investors digested hawkish remarks from Fed policymakers and the ECB’s biggest ever hike in its key interest rate.

Indian equity benchmarks gave up most of their intraday gains in a choppy session on Friday, finishing higher for a second back-to-back session, helped by strength across global markets as investors digested hawkish comments from the Fed and the ECB’s biggest ever hike in key interest rates.
Both headline indices rose as much as 0.7 percent in the first few minutes of trade. The 30-scrip index gained as much as 431.6 points to touch 60,119.8 — crossing the psychologically important 60,000 level for the first time since August 19.
The Sensex crossed the 60,000 mark in intraday trade for the first time in three weeks but failed to hold on to it by the closing bell. It settled at 59,793.1 for the day, taking its gains to a cumulative 764.2 points in two days.

Read all the Latest News, National News, Breaking News and Business News here!


Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)