MUMBAI: The Indian stock markets key indices rallied for the second consecutive day on Friday with the benchmark Sensex surging by 462 points led by good buying support in banking, financial and infra stocks.
The 30 stock S&P BSE Sensex surged 462.26 points to 52,727.98 points against its previous session’s close at 52,265.72 points. Earlier, the Sensex started the day sharply higher at 52,654.24 points and soared to a high of 52,909.87 points in the morning trade. However, it pared some gains later in the day, falling to a low of 52,447.25 points in the intra-day.
This is the second consecutive day of gains in the benchmark Sensex. The index had gained 443.19 points on Thursday. The broader Nifty 50 of the National Stock Exchange jumped 142.60 points to 15,699.25 points against its previous day’s close at 15,556.65 points. It had gained 143.35 points, or 0.93 per cent, on Thursday.
Mahindra & Mahindra surged 4.28 per cent to Rs 1,072.05 and Hindustan Unilever jumped 2.22 per cent to Rs 2,301.70.
There was good buying support in banking and financial stocks. IndusInd Bank climbed 2.59 per cent to Rs 807. Bajaj Finance soared 2.58 per cent to Rs 5,588, ICICI Bank surged 2.02 per cent to Rs 713.65, HDFC Bank jumped 1.27 per cent to Rs 1,353.90 and State Bank of India rose 0.66 per cent to Rs 454.35.
The index heavyweight Reliance Industries Limited surged 1.47 per cent to Rs 2500.75. Only six of the 30 scrips that are part of the Sensex closed in the red.
There was selling pressure in IT stocks. Tech Mahindra slumped 1.03 per cent to Rs 980.95. Infosys slipped 0.77 per cent to Rs 1,442.05, HCL Technologies fell 0.50 per cent to Rs 966.55. Tata Consultancy Services closed 0.49 per cent down at Rs 3,292.95. Wipro closed 0.16 per cent down at Rs 418.70. (ANI)