Sensex, Nifty halt 4-day losing streak to end in green; here’s what experts make of today’s trade
Domestic benchmark indices snapped their four-day losing streak and surged higher on Friday, helped by a strong rally during the final hours of trade. S&P BSE Sensex closed 166 points higher at 52,484 while the 50-stock NSE Nifty gained 42 points to close at 15,722. Index heavyweights such as Reliance Industries and ICICI Bank, State Bank of India, HDFC, and Mahindra & Mahindra were the top gainers on BSE Sensex. Tata Steel, Power Grid and Asian Paints were the worst-performing stocks. Broader markets, except Nifty Next 50 and Nifty Midcap 50 closed in the green. India VIX fell 6%. Among sectoral indices, only Nifty FMCG, Nifty Auto, Nifty PSU Bank index, and Nifty steel closed in red. Bank Nifty closed with gains.
Read full story