The leading stock index Sensex gained over 500 points on Friday on rising gains in large stocks such as HDFC Bank, ICICI Bank and L&T amid positive trends from global markets. The 30-share BSE index rose by 500.92 points or 1.03 percent on Friday. The NSE Nifty rose 156.30 points or 1.09 percent to 14,481.20 while it was trading at 48,941.04.
The Sensex gained the most by two percent in Bajaj Finserv. Apart from this, M&M, Tech Mahindra, NTPC, Asian Paints, ICICI Bank and HDFC also gained momentum. On the other hand, Powergrid, TCS, Dr. Reddy’s and Sun Pharma saw a decline.
The Sensex lost 740.19 points or 1.51 percent to close at 48,440.12 in the previous session, while the NSE Nifty was down 224.50 points or 1.54 percent at 14,324.90. Foreign institutional investors (FIIs) sold shares worth Rs 3,383.60 crore on a gross basis on Thursday, according to provisional data of the stock market. Asian markets were trading in Shanghai, Hong Kong, Tokyo and Seoul, with gains during the afternoon session.
Meanwhile, global oil benchmark Brent crude was trading up 0.86 percent at US $ 62.48 a barrel.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)