Stock Market Today

Stock Market Today

Sensex rallies 1,534 pts, Nifty ends above 16,250

Sensex rallies 1,534 pts, Nifty ends above 16,250

The topline equity indices recovered their previous session’s losses and ended nearly 3 per cent higher on Friday

taking cues from their global peers which rose after China cut a key lending benchmark to support a slowing economy.

The S&P BSE Sensex surged 1,534.16 points (2.91 per cent) to end at 54,326.39 while the Nifty 50 climbed 456.75 points (2.89 per cent) to settle at 16,266.15.

Both the indices had opened over 1.5 per cent higher earlier in the day and surged more as the session progressed with the Sensex touching an intraday high of 54,396.43 and the broader Nifty hitting 16,283.05.

All the Sensex stocks ended higher on Friday with the top gainers being Dr. Reddy’s Laboratories, Reliance Industries (RIL), Nestle India,

Tata Steel, Larsen & Toubro (L&T), IndusInd Bank, Axis Bank, Sun Pharmaceutical Industries and Housing Development Finance Corporation (HDFC).

All the sectoral indices on the NSE ended in green on Friday. Nifty Media index rose 4.47 per cent led by gains in the shares of Sun TV Network, Network18 Media & Investments and Inox Leisure.

The Nifty Realty index climbed 4.21 per cent aided by Macrotech Developers and The Phoenix Mills.

This apart, the key Bank Nifty ended 2.88 per cent higher following a rise in share prices of AU Small Finance Bank, IndusInd Bank and Axis Bank.

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