Zania-Editor
The stock market reached new heights on Friday, with the Sensex closing at a record 85,169.87 points, up by 255 points. The Nifty 50 also saw gains, finishing at 26,004.15, an increase of 63.75 points. This rally was driven by strong performances in the banking, IT, and auto sectors, boosted by positive earnings and economic indicators.
Throughout the day, the market experienced fluctuations, but buying activity in the last hour helped push the indices up. Sectors such as Nifty Bank, Pharma, and Realty showed particularly strong performance.
However, before lunchtime, trading volumes dipped as some investors chose to take profits. Among Asian markets, South Korea’s KOSPI dropped, while Hong Kong’s Hang Seng, Japan’s Nikkei 225, and China’s Shanghai Composite saw gains. The US markets had a positive close on Tuesday.
In the commodity market, Brent crude oil prices fell by 0.28% to $74.96 per barrel. Reports indicated that Foreign Institutional Investors (FIIs) were net sellers on Tuesday, offloading shares worth ₹2,784.14 crore.
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