Indian benchmark indices have been seeing gains for three days straight, ending with a surge of 484 points on closing bell on Friday as the stock markets close for the long Diwali weekend.
Buying in blue-chip banking and oil shares as well as foreign fund inflows led to a jump of 484 points in Sensex and 124 points in Nifty.
In a volatile session, the 30-share BSE Sensex jumped 484.53 points or 0.58 per cent to settle at 83,952.19. During the day, it had surged 704.58 points or 0.84 per cent to 84,172.24, recovering lost ground after trading lower in the morning.
The 50-share NSE Nifty climbed 124.55 points or 0.49 per cent to 25,709.85.
Among Sensex firms, Asian Paints jumped the most by 4.18 per cent. Mahindra & Mahindra, Bharti Airtel, ITC, Hindustan Unilever, ICICI Bank and Reliance Industries were also among the gainers.
However, Infosys, HCL Tech, Eternal, Tech Mahindra and Tata Steel were among the laggards.
Also Read: Sensex rallies 575 pts, Nifty climbs to 25,323
Foreign Institutional Investors (FIIs) bought equities worth ₹997.29 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth ₹4,076.20 crore in the previous trade.
In Asian markets, South Korea’s Kospi settled in the positive territory while Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng ended lower.
Markets in Europe were trading sharply lower, while the US markets also ended lower on Thursday.
Global oil benchmark Brent crude declined 0.92 per cent to USD 60.50 a barrel.
On Thursday, the Sensex jumped 862.23 points or 1.04 per cent to settle at 83,467.66. The Nifty surged 261.75 points or 1.03 per cent to 25,585.30.
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