The stock market closed sharply.
Mumbai:
Sensex saw a big jump of 556 points on Friday amid strong global cues and positive domestic economic data on buying in energy, metal and oil stocks while Nifty regained the 19,400 level once again. BSE’s 30-share benchmark index Sensex rose 555.75 points, or 0.86 percent, to close at 65,387.16 points. It touched a high of 19,435.30 points at one stage during the trading.
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The National Stock Exchange (NSE) index Nifty also closed up 181.50 points or 0.94 per cent at 19,435.30 points. Among the companies included in the Sensex, NTPC saw the highest gain of 4.84 percent. Apart from this, JSW Steel, Tata Steel, Maruti Suzuki, Power Grid, IndusInd Bank, Bajaj Finance and Tech Mahindra also rose. Stock market today Adani Group Most stocks closed higher.
On the other hand, shares of Ultratech Cement, Sun Pharma, Nestlé and L&T closed with losses.
“There was an atmosphere of euphoria in domestic markets on the arrival of favorable global cues, better-than-expected domestic manufacturing data and positive GDP data,” said Vinod Nair, head of research at Geojit Financial Services. Stocks related to major manufacturing industries saw a boom during this period.
In other Asian markets, Japan’s Nikkei, South Korea’s Kospi and China’s Shanghai Composite Index closed higher. Most European markets were trading higher. American markets were bullish on Thursday.
International oil benchmark Brent crude futures rose 1.26 percent to $87.92 a barrel. According to stock market data, foreign institutional investors on Thursday invested Rs. 2,973.10 crore worth of shares were sold.