The BSE benchmark Sensex tanked 609.28 factors or 0.82% to settle at 73,730.16 on Friday. File.
| Photo Credit: Reuters
Benchmark BSE Sensex rebounded sharply by 941 factors whereas NSE Nifty closed above the 22,600 degree on April 29 on the again of buying in banking and infra shares and a global stocks rally.
The 30-share BSE Sensex jumped 941.12 factors or 1.28% to settle at 74,671.28. During the day, it zoomed 990.99 factors or 1.34% to 74,721.15.
The NSE Nifty went up by 223.45 factors or 1% to 22,643.40.
From the Sensex basket, ICICI Bank climbed almost 5% after the corporate on Saturday stated its March quarter consolidated internet revenue grew 18.5% to ₹11,672 crore, helped by decrease provisions.
IndusInd Bank, UltraTech Cement, State Bank of India, Axis Bank, Kotak Mahindra Bank, Tata Consultancy Services, Bajaj Finance and HDFC Bank had been the opposite main gainers.
HCL Technologies tanked almost 6% after the corporate reported a flat year-on-year progress in internet revenue in the March quarter at ₹3,986 crore.
ITC, Wipro and Bajaj Finserv had been the opposite laggards.
In Asian markets, Seoul, Shanghai and Hong Kong settled in the constructive territory.
European markets had been buying and selling on a blended observe. Wall Street ended with beneficial properties on Friday.
“The Indian benchmark indexes rebounded, aided by an upbeat in US tech quarter earnings and a drop in US 10-year yield. Domestically, the Bank Nifty outperformed, driven by its strong performance in the fourth quarter. Easing Middle East tensions, coupled with stable earnings, are expected to maintain positive market sentiment,” stated Vinod Nair, Head of Research, Geojit Financial Services.
Global oil benchmark Brent crude declined 0.51% to $89.04 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities price ₹3,408.88 crore on Friday, based on trade information.
The BSE benchmark Sensex tanked 609.28 factors or 0.82% to settle at 73,730.16 on Friday. The NSE Nifty declined 150.40 factors or 0.67% to 22,419.95.