2 hrs ago
Sensex Rallies Nearly 880 Points as Nifty Reaches 22,520
On Friday, India's main stock-market measures rose.
The Sensex gained nearly 880 points, and the Nifty reached 22,520.
The day before, stocks had fallen sharply.
The Sensex had closed at its lowest level in 32 months, while the Nifty had hit an 18-month low.
Friday's gains helped make up some of those recent losses.
The IT index rose more strongly than other sectoral indexes.
The Sensex surged nearly 880 points on Friday.
The Nifty stood at 22,520.
The gains followed a sharp sell-off the previous day.
That sell-off had taken the Sensex to its lowest close in 32 months and the Nifty to an 18-month low.
Friday's advance helped the benchmark indices recover some recent losses, with the IT index the strongest sectoral performer.
- Who
- The Sensex and Nifty benchmark indices, and the IT sector.
- What
- The Sensex surged nearly 880 points, while the Nifty stood at 22,520; the IT index was the strongest sectoral performer.
- Where
- The Indian stock market.
- When
- Friday, after a sharp sell-off the previous day.
- Why
- The article does not state a reason for the rally.
Key facts
- Sensex Friday move
- Surged nearly 880 points
- Nifty level
- 22,520
- Previous-day Sensex close
- Lowest closing level in 32 months
- Previous-day Nifty level
- 18-month low
- Sectoral leader
- IT index
- Effect of Friday's gains
- Helped benchmark indices recover some recent losses
Sources
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