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.
This story is from the May 27, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 27, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
VOTER PULSE, ONE STATION AT A TIME
On the tracks of political schism: Southern comfort for Opposition
Good times ahead for UB as heatwave, IPL set the tone
A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries.
Invest with 5 to 7-year horizon to cope with economic cycles
Manufacturing has been in the limelight for some time due to the government's attempts to foster rapid growth in this segment of the economy.
Good Q4, commentary perk up ICICI Lombard
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24.
NSE to launch derivatives on Nifty Next 50 this mth
Cash-settled derivatives contracts will expire on last Friday of expiry month
Markets extend losing streak for fourth straight session
Indices close in the red after volatile trade
GQGEM Equity Funda hit among US investors
The actively managed fund's AUM tops $20 trillion
Stock exchange to administer research analysts: Sebi
Enlisting with Sebi may re-register with the new administrative be mandatory
Digital OPD a mixed bag with over 24 mn entries
The National Health Authority's (NHA) scan and share service has recorded more than 24 million digital out-patient department (OPD) registrations since its inception in September 2022, with Uttar Pradesh topping the list with over 7.8 million OPD tokens generated.
Bird-hit cases rose to 6-yr high in 2023
Firecrackers, scarecrows, horns and zon guns being used to scare birds
