Sensex, Nifty gain for 2nd day amid firm global trends; close up nearly 1%
India Today
The frontline equity indices on the BSE and National Stock Exchange (NSE) continued their recovery for the second consecutive day, rising nearly 1 per cent amid a positive trend in the global markets.
Benchmark Sensex and Nifty rose by nearly 1 per cent on Friday, extending gains for a second straight day on the back of buying in auto, banking, and energy stocks in line with firm global trends.
The 30-share BSE Sensex advanced further by 462.26 points or 0.88 per cent to settle at 52,727.98 as 23 of its constituents ended in the green. During the day, it rallied 644.15 points or 1.23 per cent to 52,909.87.
The Nifty rose by 142.60 points or 0.92 per cent to settle at 15,699.25 with 39 of its scrips posting gains. Sensex and Nifty had recovered nearly 1 per cent on Thursday.
"Mirroring a firm trend in the global market and in response to declining commodity prices, the domestic market maintained its positive trend. The up-move was supported by broad-based buying except in IT," said Vinod Nair, Head of Research at Geojit Financial Services.
From the Sensex pack, M&M was the biggest gainers, spurting 4.28 per cent. IndusInd Bank rose by 2.59 per cent, Bajaj Finance by 2.58 per cent, Hindustan Unilever by 2.3 per cent, ICICI Bank by 2 per cent, and Bharti Airtel by 1.72 per cent.
Index heavyweight Reliance Industries rebounded 1.47 per cent and Tata Steel by 1.42 per cent. Nestle, HDFC Bank, HDFC, Ultratech Cement, Maruti, Kotak Bank, Axis Bank and SBI also advanced.
On the other hand, Tech Mahindra, Infosys, HCL Technologies, TCS, Wipro and Sun Pharma were the laggards.
