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20 April, 2024 18:55 IST
Sensex surges 322 points, Nifty ends above 8,400
Source: IRIS | 29 May, 2015, 04.01PM
Rating: NAN / 5 stars.
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Indian markets ended today's session on a buoyant note on Friday supported by auto, technology and banking stocks. At the close, the benchmark 30-share index, BSE Sensex added 321.73 points or 1.17% at 27,828.44 with 26 components posting rise. Meanwhile, the broad based NSE Nifty went up by 114.65 points or 1.38% at 8,433.65 with 41 components registering rise.

Jayant Manglik, President-retail distribution, Religare Securities said, 'Much to market surprise, equity benchmarks gained nearly one and half percent amid negative global cues. The recovery was reflection of the optimism among the participants ahead of the release of GDP data which is scheduled to be unveiled later in the day. Buying was witnessed across the board and among the sectoral indices, auto, bank and healthcare were the major gainers. Despite Friday's rebound in index, our negative bias is still intact and it'll remain so till Nifty is upholding below 8,500 spot. As none of sectoral indices participating consistently nowadays, traders should live with stock specific trading approach and advice to spend quality time in stock selection or take professional’s help.'

Major gainers in the 30-share index were Bharti Airtel (5.98%), Mahindra & Mahindra (4.89%), G A I L (India) (2.30%), Maruti Suzuki India (2.26%), Coal India (2.14%), and H D F C Bank (2.12%).

On the other hand, Hindalco Industries (2.16%), Tata Motors (0.40%), Bharat Heavy Electricals (0.14%), and Vedanta (0.10%) were the biggest losers in the Sensex.

The Auto index was at 19,079.79, up by 388.44 points or by 2.08%. The TECk index was at 6,122.23, up by 95.32 points or by 1.58%. The Bankex index was at 21,511.65, up by 306.82 points or by 1.45%. On the other hand, the Realty index was at 1,537.68, down by 1.99 points or by 0.13%.

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