December 27, 2024 10:24 pm (IST)
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
Tata Group plans 5 lakh jobs; Chairman N Chandrasekaran says gobal supply chains shifting in India's favour
Fri, Dec 27 2024
Air India narrows losses by 60% to Rs 4,444 cr in FY24; CEO Campbell Wilson highlights efficiency drive, merger milestones in 2024
Fri, Dec 27 2024
Musk addresses claims of job loss, cites shortage of top engineering talent in tech
Fri, Dec 27 2024
India may lower income tax for annual incomes up to Rs 15 lakh in Budget to boost middle-class spending
Fri, Dec 27 2024
Former Suzuki Motor Corporation chairman Osamu Suzuki dies at 94
Fri, Dec 27 2024
Rupee slips to 85.80 against US Dollar, poised for worst monthly decline in two years
Fri, Dec 27 2024
It is necessary for economic development: Zoho CEO reignites 70-hour work week debate
Fri, Dec 27 2024
RBI flags concerns over rising delinquency in unsecured lending, calls for stricter vigilance
Fri, Dec 27 2024
UltraTech Cement acquires 8.7% stake in Star Cement for Rs 851 crore
Fri, Dec 27 2024