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Sensex rises nearly 900 points on strong global cues




Sensex rises nearly 900 points on strong global cues

The BSE Sensex closed at 59,808 with a gain of 899 points. (file)


Sensex rallied nearly 900 points and Nifty climbed over 272 points on Friday, recovering from the previous day’s losses, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex ended with a gain of 899.62 points or 1.53 per cent. 59,808.97 after starting trade on a positive note. During the day, it rose 1,057.69 points, or 1.79 percent, to 59,967.04.

The NSE Nifty closed at 17,594.35, up 272.45 points or 1.57 per cent.

From the Sensex pack, State Bank of India, Bharti Airtel, Reliance Industries, ITC, Tata Steel, IndusInd Bank, HDFC Bank, Tata Motors, HDFC and Titan were major gainers.

Tech Mahindra, UltraTech Cement, Nestle and Asian Paints were the laggards.

In the Asian markets, Seoul, Japan, China and Hong Kong closed in the green.

Equity markets in Europe were trading in the positive zone. US markets closed with gains on Thursday.

Foreign portfolio investors (FPIs) bought shares worth Rs 12,770.81 crore on Thursday, according to exchange data.

“Markets had more reasons to cheer today than to worry about concerns about inflation. PSU banks led the sectoral rally on reports of foreign investment in Adani shares, giving the sector a weak sentiment.” Sentiment turned lighter as FIIs turned strong. Buyers,” said Vinod Nair, head of research at Geojit Financial Services.

Troubled Adani Group has sold minority stake in four of its listed companies to US-based GQG Partners for Rs 15,446 crore, as the Apple-to-Airport conglomerate recovers from a selloff triggered by short-seller reports, looks to be on edge Liquidity ahead of loan repayment of USD 2 billion in the coming months.

International oil benchmark Brent crude fell 0.07 per cent to $84.69 per barrel.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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