Sensex Ends 557 Points Higher, Nifty Above 23,350; Bajaj Fin Up 3%, Kotak Bank 2% – News18
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Benchmark equity indices extended rally to 5th straight trading session, and in the process recorded best weekly gain in more than 4 years
Stock Market Updates
Sensex Today: Benchmark equity indices extended their rally for the fifth consecutive trading session, marking the best weekly gain in over four years.
The BSE Sensex surged to a high of 77,042 before settling at 76,906, up 557 points. For the week, the index gained 3,077 points, or 4.17%.
The NSE Nifty 50 index reached a high of 23,403 and ended with a gain of 160 points, closing at 23,350. The Nifty rose by 4.26% or 953 points this week, its highest weekly gain since February 7, 2021.
Among the 30 Sensex stocks, NTPC emerged as the top gainer, rising 3.3% on Friday. Other major gainers included Bajaj Finance, Sun Pharma, Larsen & Toubro, Kotak Bank, Nestle India, Tata Motors, and Axis Bank. On the flip side, Mahindra & Mahindra slipped over 1%, while Tata Steel, Infosys, Titan, and Bajaj Finserv also posted losses.
Global Cues
In Japan, the Topix index hit an eight-month high on Friday, boosted by gains in the financial sector following stronger-than-expected inflation data, which heightened expectations for potential interest rate hikes by the Bank of Japan.
The broader Topix index reached a peak of 2,817.58, its highest level since July 24, before closing the morning session at 2,814.15, up 0.65% from the previous session. The index is set to extend its gains for the seventh consecutive session.
Meanwhile, South Korean shares saw a slight dip on Friday, as losses in battery and steel stocks countered gains in chip stocks. Despite the losses, the market is still on track for its third consecutive week of gains. As of 0132 GMT, the benchmark KOSPI was down by 3.03 points, or 0.11%, at 2,634.07, following a weaker performance on Wall Street.
U.S. stocks ended slightly lower on Thursday, after a volatile session in which investors weighed the latest economic data and the Federal Reserve’s policy statement amid concerns over trade tariffs. Selling pressure has increased recently, with economic indicators suggesting slowing growth and weakening consumer sentiment, exacerbated by the Trump administration’s reciprocal trade tariffs.
