The stock markets witnessed a strong rally on Friday, with both the NSE Nifty 50 and the BSE Sensex posting significant gains.
The Nifty 50 surged by 397.40 points, or 1.65 per cent, to close at 24,541.15, while the Sensex jumped 1,330.96 points, or 1.68 per cent, ending the day at 80,436.85.
Major contributors to this rally included banking giants ICICI Bank and HDFC Bank, which together accounted for nearly 25 per cent of the day’s total gains. Additionally, tech heavyweights such as TCS, Infosys, and Reliance Industries saw gains between 1-2 per cent, further driving the upward momentum.
Among the top gainers on the Nifty 50 were Wipro, Tech Mahindra, Grasim, Tata Motors, and Mahindra & Mahindra, which all posted solid gains.
However, not all stocks shared in the positive sentiment. Divis Laboratories, Dr. Reddy’s Laboratories, and SBI Life Insurance were among the laggards of the day, witnessing declines amid otherwise bullish trading.
Denne historien er fra August 17, 2024-utgaven av The Business Guardian.
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Denne historien er fra August 17, 2024-utgaven av The Business Guardian.
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