Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

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SBI, TCS, Titan, ITC, Infosys, L&T, Reliance Industries and Bajaj Finance were the biggest gainers. File | Photo Credit: PTI

Benchmark equity indices rebounded sharply connected Friday (November 22, 2024), with the Sensex climbing 2.54% to reclaim the 79,000 level, driven by across-the-board rally and worth buying astatine little levels.

Strong buying by home organization investors and a steadfast inclination successful the U.S. markets besides helped the indices, traders said.

The BSE benchmark Sensex jumped 1,961.32 points oregon 2.54% to settee astatine 79,117.11. During the day, it surged 2,062.4 points oregon 2.67% to 79,218.19.

The NSE Nifty soared 557.35 points oregon 2.39% to 23,907.25.

All the 30 Sensex firms ended successful the green.

Hectic buying successful bluish spot counters similar Reliance Industries, IT and teck shares boosted marketplace sentiment.

State Bank of India, Tata Consultancy Services, Titan, ITC, Infosys, Larsen & Toubro, Reliance Industries and Bajaj Finance were the biggest gainers.

The bulk of the listed Adani radical firms ended higher, bouncing backmost from the erstwhile day’s crisp autumn aft billionaire industrialist Gautam Adani was charged successful the U.S. for alleged bribery and fraud.

Ambuja Cements surged 3.50%, ACC jumped 3.17%, Adani Enterprises climbed 2.16%, Adani Ports (2.05%), Adani Total Gas (1.18%) and NDTV (0.65%) connected the BSE.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹5,320.68 crore connected Thursday (November 21, 2024), portion Domestic Institutional Investors (DIIs) bought shares worthy ₹4,200.16 crore, according to speech data.

In Asian markets, Seoul and Tokyo settled successful the affirmative territory portion Shanghai and Hong Kong ended lower.

European markets were trading lower. The U.S. markets ended higher connected Thursday (November 21, 2024).

Global lipid benchmark Brent crude climbed 0.19% to $74.37 a barrel.

On Thursday (November 21, 2024), the BSE benchmark tanked 422.59 points oregon 0.54% to settee astatine 77,155.79 points. The Nifty slumped 168.60 points oregon 0.72% to 23,349.90.

Published - November 22, 2024 05:05 p.m. IST

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