Sensex climbs 104 points; logs 6th day of gain
The Hindu
The other major winners from the 30-share pack were ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank, Nestle, Titan and UltraTech Cement.
Equity benchmark indices managed to end in the positive territory after facing volatility in the latter part of the trade on Friday amid gains in Axis Bank and ICICI Bank.
Foreign institutional investors (FIIs) turning net buyers in the market on Thursday after many sessions also added to the momentum.
The 30-share BSE Sensex ended 104.25 points or 0.18% higher at 59,307.15, logging its sixth day of gains. During the day, it jumped 388.03 points or 0.65% to 59,590.93.
The broader NSE Nifty ended marginally higher by 12.35 points or 0.07% at 17,576.30.
From the Sensex pack, Axis Bank zoomed 8.96% after the company on Thursday reported a 66.29% jump in its consolidated net profit for the September quarter at ₹5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion.
The other major winners from the 30-share pack were ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank, Nestle, Titan and UltraTech Cement.
However, Bajaj Finance, Bajaj Finserv, IndusInd Bank and Larsen & Toubro were among the laggards.
India imposes anti-dumping duties on Chinese steel and refrigerant gas to protect domestic industries from unfair pricing.
Sensex declines for the third day, losing 367 points due to foreign fund outflows and thin trading conditions.
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Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.