Sensex, Nifty rally over 1% amid firm global trends
The Hindu
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong ended higher.
Equity markets extended their rally on Friday, with the Sensex and Nifty jumping over 1% each, in tandem with a positive trend in global equities.
Buying in Infosys and banking counters helped markets maintain their winning run.
The 30-share BSE Sensex rallied 632.13 points or 1.17% to settle at 54,884.66. During the day, the benchmark zoomed 684.1 points or 1.26% to 54,936.63.
The broader NSE Nifty jumped 182.30 points or 1.13% to end at 16,352.45.
From the Sensex pack, Tech Mahindra, IndusInd Bank, Wipro, Bajaj Finance, Infosys, Bajaj Finserv, Larsen & Toubro and HCL Technologies were the prominent gainers.
In contrast, NTPC, Bharti Airtel, Power Grid, Tata Steel, Reliance Industries, Asian Paints and Nestle were the laggards.
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong ended higher.
The decline in India’s net foreign direct investment (FDI) inflows, which have dropped almost 31% to $25.5 billion over the first ten months of 2023-24, is in line with the slowdown in such investments to developing countries, the Finance Ministry has said, while holding out hope for an uptick in investments this year.