ET Market Watch: Sensex surges 484 factors, Nifty tops 25,700 as banks, auto & telecom lead rally
Indian markets closed the week on a powerful notice at the moment. The BSE Sensex jumped 484 factors, whereas the Nifty crossed the 25,700 mark, extending the week’s momentum.
The Financial institution Nifty hit a contemporary excessive, closing practically 1% up, reflecting optimism within the monetary sector.
Among the many prime gainers had been Whirlpool India, Asian Paints, M&M, Adani Energy, and SBFC Finance, rising between 4% and 11%. However, Credit score Entry, Sterling Wilson, Wipro, and Jindal Noticed had been the laggards.
Sector-wise, banks, telecom, and auto led the rally, whereas IT and NBFCs confronted stress.
On the macro facet, the Indian Rupee weakened by 7 paise, closing at 88.03 towards the US greenback, weighed down by commerce tensions and international uncertainties. Nonetheless, international fund inflows and decrease crude oil costs provided some assist.
So, what drove at the moment’s turnaround? FIIs returning, easing US bond yields, and optimism over India-US commerce talks pushed equities increased.
That’s all from Dalal Road for at the moment. I’m Neha Vashishth, signing off. Keep tuned for extra market updates.
