IT, banking, oil & gas stocks fuel market rally
Key indices rise over 1% as positive US inflation data buoys bourses; Investors’ wealth recovers by `3.29 lakh cr; Mcap on BSE rises to `325.40 lakh cr
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Key indices rise over 1% as positive US inflation data buoys bourses; Investors’ wealth recovers by `3.29 lakh cr; Mcap on BSE rises to `325.40 lakh cr
Indian equity market opened with marginal gains on Friday, taking a hint from global counterparts. The BSE Sensex opened at 62,690 points and was trading below the 62,500 mark, whereas the NSE Nifty-50 opened at 18,662 and currently trading above the 18,500 mark.
The BSE Sensex declined 30.54 points, or 0.05 per cent to 58,803.33 on September 2, 2022 from 58,833.87 on August 26, 2022. Likewise, the NSE Nifty index settled 19.45 points, or 0.11 per cent, down at 17,539.45 during the same period.
Benchmark equity indices BSE Sensex and NSE Nifty extended their gains for the second straight week, thanks to some buying on April 8.
The benchmark equity indices on the BSE and National Stock Exchange (NSE) were trading over 1 per cent higher in the morning trade