Sensex soars 976 pts as stellar earnings, investors richer by Rs 2.41 lakh cr

Market benchmarks made an emphatic comeback on Friday after two days of losses as robust results by SBI gave fresh impetus to banking and finance stocks, while a declining trend in COVID-19 cases also assuaged investor concerns.

New Delhi: Market benchmarks made an emphatic comeback on Friday after two days of losses as robust results by SBI gave fresh impetus to banking and finance stocks, while a declining trend in COVID-19 cases also assuaged investor concerns. A strong recovery in the rupee and positive global cues added to the buying momentum, traders said. Building on a strong start, the 30-share BSE Sensex advanced 975.62 points or 1.97 per cent to finish at 50,540.48. This was the benchmark's biggest single-day jump since March 30 this year.