Markets Close On Highs: Sensex Surges Over 1,292 Points, Nifty Hits All-Time High
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Sensex Today: The domestic equities market on Friday surged. The BSE Sensex on Friday surged Rs 1,292.92 or 1.62 per cent to close at 81,332.72, while the NSE Nifty hit its all-time high by surging as much as 455.05 or 1.86 per cent to touch 24,861.15. However, the Nifty settled at 24,834.85.
Almost all 30 shares of the Sensex closed in the green. Nestle India closed flat, down by 0.07 per cent.
Among the gainers, Bharti Airtel jumped the most 4.25 per cent, while Adani Ports (up 3.61 per cent), JSW Steel (3.27 per cent), Tata Steel (3.27 per cent), and Infosys (2.93 per cent) were the top performers.
Indian bourses opened on a positive note on Friday, with BSE Sensex adding 119 points to 80,158, while the Nifty50 index rose marginally by 17 points to 24,423 levels.
Vinod Nair, head of research, Geojit Financial Services, said, “The domestic market experienced a substantial rebound on the start of the next month expiry, recovering from the recent losses incurred following the Union budget. This upturn was driven by positive reactions to the better-than-expected US GDP, which augurs well for global demand. Investors are adopting buy-on-dip strategy, refocusing on quarterly earnings and stock-specific trends. Notably, gains were observed across sectors, with Metals and IT leading, and midcaps outperforming.”
Prashanth Tapse, senior vice-president (research) of Mehta Equities, said Indian markets outperformed its global peers on the back of a strong across-the-board buying support after languishing in negative territory for the past five trading sessions.
“The sharp rebound signifies that India remains a good long-term bet and the economy continues to show strong resilience in spite of global uncertainty and geo-political tensions. Also, most of the blue chips and mid-cap companies have reported better earnings, which is providing a major impetus to markets,” he added.
