New Delhi: The equity index grapped a 4-day defeat by as BSE Sensex’s benchmark soaring more than 500 points led by advantages in metal, Bank PSU and realty shares.
The 30-share BSE index rose 533 points or 0.91 percent to close at 59,299; While the wider NSE settled 159 points or 0.91 percent higher at 17,691.
The top players in the sensex package including NTPC, Bajaj Finserv, SBI, Bajaj Finance and Tech Mahindra with their shares rose by 4.08 percent.
While Bajaj Auto, Hul, Nestle India, Bank Box and Titan are the main losers down to 0.78 percent.
On the NSE platform, all sub-indices have finished green with good metal, media, realty and PSU banks up 2.99 percent.
The Pharma index extended the increase in the fifth session and reached a record highlight during the day, led by a Divi Laboratory which jumped 7.84 percent.
NTPC obtained more than 4 percent after news reports said that the company is expected to collect RS 15,000 Crore through IPO in 3 units including a business that can be updated, and paring the joint venture poles.
Investors are now watching the September quarter income season to begin and the central bank’s interest rate decision is due later.
“We saw a relief rally, investors on the sidelines of the week also seemed to enter the market again,” Anand James, a market strategist at Geojit Financial Services told the Reuters news agency.
“Before the Bank of India’s reserve meeting (RBI) and initial income, we might see prices driven higher,” he added.
The RBI is likely to signify the beginning of the improvement of monetary policy accommodating at this week’s meeting, economists at Standard Chartered Bank wrote in a research record on Friday.
Meanwhile, foreign institutional investors (FIIS) are clean buyers in the capital market because they buy shares worth Rs 131.39 Crore on Friday, according to data exchange.
(With input from agency)