3 hrs ago
Sensex, Nifty Rebound After Four-Day Losing Streak Amid Asian Rally
India’s main stock markets rose on Friday morning.
The Sensex climbed about 532 points, while the Nifty also moved higher.
This happened after both markets had fallen for four days in a row.
Asian markets, including Hong Kong, South Korea and Japan, were also mostly higher.
United States markets had gained more than 1% overnight, helping create a positive mood.
Many large Indian companies saw their share prices rise.
Some companies, including Axis Bank and ICICI Bank, still recorded losses.
Foreign investors sold shares on Thursday, but domestic investors bought even more shares.
The BSE Sensex gained 531.88 points, or 0.70%, to 76,684.74 in Friday morning trade.
The NSE Nifty advanced 78.25 points, or 0.33%, to 23,951.70.
The rebound followed four consecutive sessions of declines and a rally across Asian markets.
Bajaj Finserv, Bharat Electronics, IndiGo, Reliance Industries and Infosys were among the major Sensex gainers.
Foreign Institutional Investors sold Rs 2,345.87 crore of equities, while Domestic Institutional Investors bought Rs 4,977.46 crore on Thursday.
- Who
- Indian equity benchmark indices, including the BSE Sensex and NSE Nifty, along with foreign and domestic institutional investors.
- What
- The Sensex and Nifty rebounded in morning trade after four consecutive losing sessions.
- Where
- Indian stock markets, amid gains across Asian markets.
- When
- Friday morning, following Thursday’s market close.
- Why
- The rebound tracked a rally in Asian markets after United States markets ended more than 1% higher overnight.
Key facts
- Sensex level
- 76,684.74 in Friday morning trade
- Sensex movement
- Up 531.88 points, or 0.70%
- Nifty level
- 23,951.70 in Friday morning trade
- Nifty movement
- Up 78.25 points, or 0.33%
- Foreign Institutional Investors
- Sold equities worth Rs 2,345.87 crore on Thursday
- Domestic Institutional Investors
- Bought equities worth Rs 4,977.46 crore on Thursday
- Brent crude
- Rose 0.48% to USD 95.98 per barrel
Sources
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