NTPC, PowerGrid, IndusInd Bank, State Bank of India, HDFC, Mahindra & Mahindra, HDFC Bank, Bajaj Finance and Axis Bank were among the major gainers.
NTPC, PowerGrid, IndusInd Bank, State Bank of India, HDFC, Mahindra & Mahindra, HDFC Bank, Bajaj Finance and Axis Bank were among the major gainers.
Equity markets on Friday started the new financial year with smart gains, with Sensex rallying over 708 points to reclaim significant gains of 59,000 points with foreign fund inflows in index majors HDFC twins and Reliance Industries. was to do.
The BSE barometer climbed 708.18 points, or 1.21%, to close at 59,276.69 on the first day of trading in the new fiscal. It jumped 828.11 points or 1.41% to 59,396.62 during the day.
The broader NSE Nifty closed 205.70 points or 1.18% higher at 17,670.45.
NTPC, PowerGrid, IndusInd Bank, State Bank of India, HDFC, Mahindra & Mahindra, HDFC Bank, Bajaj Finance and Axis Bank were the major gainers from the 30-share Sensex pack.
In contrast, Tech Mahindra, Sun Pharma, Dr Reddy’s, Titan and Infosys were among the laggards.
Elsewhere in Asia, exchanges in Seoul and Tokyo ended lower, while Shanghai and Hong Kong settled in the green. European markets were trading mostly higher.
Stock exchanges in the US ended on a negative note in the overnight session.
Meanwhile, international oil benchmark Brent crude jumped 0.22% to $104.94 a barrel.
Foreign institutional investors (FIIs) remained net buyers as they bought shares worth Rs 3,088.73 crore on Thursday, according to stock exchange data.
“Indian equity markets delivered positive returns this week. Globally too, equity markets remained broadly resilient led by optimism on progress in Russia-Ukraine talks. On the other hand, commodities saw some correction from recent highs. In India, the markets witnessed broad-based gains with most of the sectoral indices giving positive returns.
“Crude oil prices have corrected this week and this is somewhat positive for import-dependent countries including India,” said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Meanwhile, output from eight infrastructure sectors grew 5.8% in February, the fastest growth in the past four months, due to better output from coal, natural gas, refinery products and cement industries, according to official data released on Thursday. Is.