Business

‘Good Friday’ in the Indian market sharply in foreign markets, Sensex closed by jumping 632 points

Photo:FILE

stock market

Highlights

  • Sensex closed up 632 points on Friday
  • National Stock Exchange’s Nifty also rose 182.30 points
  • Brent crude rose 0.95 percent to $118.5 per barrel

The week may have started with a fall in the Indian stock markets, but the week has ended well. On Friday, the Sensex closed with a gain of 632 points. With the rise in global markets, buying in Infosys and bank stocks led the domestic equity markets to rise on Friday.

The 30-share Sensex jumped 632.13 points, or 1.17 per cent, to end at 54,884.66. During trading, it had climbed 684.1 points to reach 54,936.63 at one time. Similarly, the Nifty of the National Stock Exchange also closed at 16,352.45, up 182.30 points, or 1.13 per cent.

Earnings in these shares

Among the Sensex companies, Tech Mahindra, IndusInd Bank, Wipro, Bajaj Finance, Infosys, Bajaj Finserv, Larsen & Toubro and HCL Technologies closed with gains. On the other hand, shares of NTPC, Bharti Airtel, Power Grid, Tata Steel, Reliance Industries, Asian Paints and Nestle were falling.

Asian markets rally

In other markets in Asia, including China’s Shanghai Composite, South Korea’s Kospi, Hong Kong’s Hang Seng and Japan’s Nikkei closed with a positive trend. There was a sharp trend in the afternoon trading in the major markets of Europe. Vinod Nair, Head of Research, Geojit Financial Services said, “Investors bought in amid a rally in global markets and favorable retail earnings in the US.

rise in crude oil

A decline in selling by foreign investors helped ease volatility in the domestic market.” Meanwhile, international oil benchmark Brent crude rose 0.95 per cent to USD 118.5 per barrel. According to the stock market data, foreign investors continue to sell in the domestic markets. He sold shares worth Rs 1,597.84 crore on Thursday.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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