Mumbai Domestic bourses on Friday advanced for the second day in a row as Sensex gained 629 points due to buying in Reliance Industries, which has a strong stake in the index. Strong cues from global markets and continued foreign capital inflows have strengthened the market.
The 30-share BSE benchmark Sensex jumped 629.07 points, or 1.02 percent, to 62,501.69 points. During the trading, it had seen a rise of up to 657.21 points at one time. NSE’s benchmark index Nifty also climbed 178.20 points, or 0.97 percent, to close at 18,499.35 points.
This was the second consecutive day of boom in the stock markets. Prior to this, on Thursday too, the Sensex had gained 98.84 points and the Nifty had registered a gain of 35.75 points. Of the 30 companies in the Sensex group, Reliance Industries registered the highest gain of 2.79 per cent. Shares of Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan also advanced.
On the other hand, Bharti Airtel, Power Grid and NTPC shares declined. South Korea’s Cospi, Japan’s Nikkei and China’s Shanghai Composite closed with gains in other Asian markets. Initial sluggishness is seen in Europe’s markets. Was. A day ago, there was a bullish situation in the US markets.
Foreign Institutional Investor (FII) investments in Indian markets continue to grow. Foreign investors made net purchases of stocks worth Rs 589.10 crore, according to available data. Meanwhile, international oil benchmark Brent crude climbed 0.24 per cent to $76.44 per barrel.
Pc:The Indian Express