MUMBAI: The Indian stock market’s key indices, Sensex and Nifty, rallied for the third straight day on Friday, led by strong buying support in metal, financial and energy stocks.
The 30 stock S&P BSE Sensex surged 712.46 points to 57,570.25 points against its previous day’s close at 56,857.79 points. This is the third consecutive day of rally in the Indian equities markets.
The Sensex had gained 1041.47 points on Thursday. It started the day sharply higher at 57,258.13 points and rose to a high of 57,619.27 points and touched a low of 57,104.81 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange (NSE) rallied 228.65 points to 17,158.25 points against its previous day’s close at 16,929.60 points. The index has rallied for the third straight day. It had gained 287.80 points on Thursday.
Tata Steel surged 7.27 per cent to Rs 107.65, Sun Pharma surged 5.45 per cent to Rs 943.55 after announcing strong quarterly numbers.
Sun Pharma on Friday reported a consolidated net profit of Rs 2,060.88 crore for the quarter ended June 30 as compared to Rs 1,444.17 crore in the corresponding period last year, registering a year-on-year growth of 42.70 per cent.
Bajaj twins surged for the second consecutive day. Bajaj Finserv surged 2.64 per cent to Rs 15,039.30. The scrip had surged 10.14 per cent on Thursday. Bajaj Finance soared 1.87 per cent to Rs 7,208.90. The scrip had gained 10.68 per cent on Thursday.
The index heavyweight Reliance Industries Ltd soared 2.10 per cent to Rs 2,508.75. IndusInd Bank, Asian Paints, Infosys, Wipro, HDFC, NTPC and Bharti Airtel were among the major Sensex gainers.
Buying support was across the board. Only five of the 30 scrips that are part of the benchmark Sensex closed in the red. Dr Reddy’s Laboratories dipped 3.96 per cent to Rs 4,090.35. Kotak Bank, SBI, ITC and Axis Bank also closed in the red. (ANI)