Stock Market Updates: After seeing two consecutive declines for two days, the domestic stock markets are seeing a good boom on Friday. On Thursday, the closing was done on Wall Street with an increase, due to which the Asian markets gained momentum. The effect of positive stance has been shown on BSE Sensex and NSE Nifty. Today, both benchmark indices have managed to reclaim their psychological level once again.
The Sensex gained 683.49 points or 1.38% at 10.59 am and the index was trading at a level of 50,248.35. The Nifty was at a level of 15,099.95 with an increase of 193.90 or 1.30% during this period.
The major stock index Sensex climbed over 400 points in early trade on Friday due to the rise in big stocks like HDFC, ICICI Bank and Kotak Bank in the opening. The 30-share BSE index was up 408.56 points or 0.82 percent at 49,973.42, and the Nifty rose 119.35 points or 0.80 percent to 15,025.40.
IndusInd Bank gained the most by three percent in the Sensex. Apart from this, Kotak Bank, SBI, HDFC Bank, ICICI Bank and Bajaj Finance were also profitable. Powergrid, on the other hand, was the only loss-making stock.
In the previous session, the Sensex was down by 337.78 points or 0.68 percent at 49,564.86 and the Nifty was down by 124.10 points or 0.83 percent at 14,906.05.
Meanwhile, international oil benchmark Brent crude was up 0.09 percent at $ 65.16 a barrel.