Indian equities rally for 2nd day; Sensex surges 462 points

ANI
24 Jun 2022, 17:57 GMT+10

Mumbai (Maharashtra) [India], June 24 (ANI): The Indian stock markets key indices rallied for the second consecutive day on Friday with benchmark Sensex surging by 462 points led by good buying support in banking, financial and infra stocks.

The 30 stock SP BSE Sensex surged 462.26 points or 0.88 per cent to 52,727.98 points against its previous session's close at 52,265.72 points.

Earlier, the Sensex started the day sharply higher at 52,654.24 points and soared to a high of 52,909.87 points in the morning trade. However, the Sensex pared some gains later in the day falling to a low of 52,447.25 points in the intra-day.

This is the second consecutive day of gains in the benchmark Sensex. The index had gained 443.19 points or 0.86 per cent on Thursday.

The broader Nifty 50 of the National Stock Exchange jumped 142.60 points or 0.92 per cent to 15,699.25 points against its previous day's close at 15,556.65 points.

The Nifty had gained 143.35 points or 0.93 per cent on Thursday.

MahindraMahindra surged 4.28 per cent to Rs 1072.05. Hindustan Unilever jumped 2.22 per cent to Rs 2301.70.

There was good buying support in banking and financial stocks. IndusInd Bank climbed 2.59 per cent to Rs 807. Bajaj Finance soared 2.58 per cent to Rs 5588. ICICI Bank surged 2.02 per cent to Rs 713.65. HDFC Bank jumped 1.27 per cent to Rs 1353.90. State Bank of India rose 0.66 per cent to Rs 454.35.

The index heavyweight Reliance Industries Limited surged 1.47 per cent to Rs 2500.75.

Only six of the 30 scrips that are part of the Sensex closed in the red.

There was selling pressure in IT stocks. Tech Mahindra slumped 1.03 per cent to Rs 980.95. Infosys slipped 0.77 per cent to Rs 1442.05. HCL Technologies fell 0.50 per cent to Rs 966.55. Tata Consultancy Services closed 0.49 per cent down at Rs 3292.95. Wipro closed 0.16 per cent down at Rs 418.70. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Caribbean Herald.

More Information

null in null

Business

Section

Data center safety system nearly sparked US power crisis

Big Tech's data center boom poses new risk to US grid operators

BOSTON, Massachusetts: A routine safety mechanism at data centers nearly triggered a regional power crisis last summer, highlighting...

Air France unveils luxury first-class suite to lure elite travelers

Air France renews first-class suites in battle for high-rollers

PARIS, France: Air France is making a bold bet on luxury travel with the launch of an upgraded first-class suite, aiming to attract...

US homebuilding, manufacturing jump in February, but tariff costs loom

US homebuilding, manufacturing surge; tariffs cast pall over recovery

WASHINGTON, D.C.: U.S. home construction and manufacturing activity surged in February, but rising costs from tariffs and economic...

U.S. stock markets end marginally higher at week's-end

Soft day on Wall Street Friday, Dow Jones edges up 32 points

NEW YORK, New York - Uncertainty continues to plague investors on Wall Street with Friday's trading being volatile and weak. The major...

US factory output rises in February, led by auto rebound

US manufacturing output accelerates in February

WASHINGTON, D.C.: U.S. factories ramped up production in February, with a sharp rebound in motor vehicle output helping to drive manufacturing...

Israeli government asks Musk to submit tender on vehicle-provisioning

Israel invites Tesla to bid on supplying government vehicles

Elon Musk's Teslas' are in the running to take over the transport of Israel's government officials. Musk's company, Tesla Inc., has...

Latin America

Section