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Indices rise nearly 1% to a 5-month high
May 27, 2023
|Business Standard
A combination of gains in Reliance Industries, IT heavyweights and positive global cues helped the Indian indices end the week at their highest levels in five months.
The Sensex ended the session at 62,502 points, gaining 629 points or 1.02 per cent while the Nifty50 ended the day at 18,499 points, a gain of 178 points or 0.97 per cent. Friday's close is the highest for both indices since December 14, 2022.
Reliance Industries rose 2.8 per cent on Friday and contributed the most to index gains. IT stocks were up on the back of gains in technology stocks in the US.
In the US and Europe, stocks of chipmakers also gained after they posted better than expected results. Foreign portfolio investors (FPIs) remained net buyers as they bought shares worth ₹350 crore on Friday, according to provisional data from exchanges.
هذه القصة من طبعة May 27, 2023 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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