May 08, 2024 07:55 (IST)
Follow us:
Indian markets rally on Friday on hopes of economic reforms and good monsoon
Mumbai, Jul 1 (IBNS): The Indian benchmark indices rallied for the fifth day on Friday largely based on hopes of a good monsoona nd economic reforms, with the Sensex up 145.19 points to 27144.91, and the Nifty up 40.60 points to 8328.35.
The Nifty ended above 8300 after nearly 10 months.
Strong gains in FMCG, capital goods, oil & gas and pharma stocks held up market sentiment.
Top gainers on Friday included ONGC, BHEL, L&T, GAIL and Dr Reddy's while TCS, Coal India, Adani Ports and HDFC ended as losers.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies Wed, May 08 2024
JSW Energy Q4FY24 PAT grows 29% to Rs 351 cr Tue, May 07 2024
Ghost malls witness a 59% year-on-year rise in India Tue, May 07 2024
Dr Reddy’s Lab Q4FY24 net profit up 36% YoY to Rs 1,307 cr Tue, May 07 2024
India's April oil consumption rises by 6% YoY: Oil Ministry Tue, May 07 2024