New Delhi: The equity index jumped on Friday with BSE Sensex benchmarks up more than 750 points led by profits in it and realty shares.
The 30-share BSE index surged 767 points or 1.28 percent to close at 60,687.
Meanwhile, the wider NSE settled 229 points or 1.28 percent to close at 18,103.
The top players in the Sensex package include Mahindra, HDFC, Infosys technology, Bajaj Finserv and Bharti Airtel with their shares up 4.06 percent.
Bajaj Auto, Tata Steel, Axis Bank, NTPC and Power Grid are the only ones that move up to 2.97 percent.
On the NSE platform, the nifty sub-index, realty and financial services rose to 2.1 percent.
Investors now pay attention to retail inflation data scheduled to be released later on.
“If the reading of inflation is in the target range (Bank of India’s backup), it can provide some calming effects or normalize to the market,” Narendra Solanki, Head of Equity Research (Fundamental) in Anand Rathi’s investment services to the Reuters news agency.
Meanwhile, foreign institutional investors (FIIS) are clean sellers in the capital market, because they lowered shares worth 1,637.46 crore on Thursday, according to data exchange.
In India, Sustainable FII sales – RS 8,458 Crore sold until November 12, above RS 13,550 Crore sold in October – shows where smart money headed.
But …
lately, there is a “new money” defeating “smart money”.
The main index on Wall Street ended with a positive note in the overnight session.
(With input from the agency)