Domestic equities snapped their 3-day losing streak, and climbed on Friday lifted by IT & private bank stocks, and robust Q1 results. Except for India Vix, all broader market indices closed in the green.
BSE benchmark Sensex climbed 480.57 points, or 0.74 per cent to open at 65,721.25, while NSE Nifty50 jumped 127.85 points, or 0.66 per cent to 19,509.50.
Sectorally, the IT index jumped 1.45 per cent, Nifty Private Bank gained 1.21 per cent, Nifty Consumer Durables climbed 0.94 per cent, and Nifty Bank rose 0.78 per cent.
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In broader indices, Nifty Midcap Select gained 0.78 per cent, Nifty Midcap 50 and Midcap 100 jumped 0.73 per cent, Nifty Smallcap 100 rose 0.70 per cent, Nifty Smallcap 50 and Midcap 150 climbed gained 0.66 per cent.
Zomato jumped over 14 per cent in the intraday session, to touch a high of Rs 98.39 on BSE, after the online food delivery company posted a first-ever quarterly profit since its stock market listing in July 2021. The company posted a profit of Rs 20 million for the quarter ended June 30. The stock ended 11 per cent higher at Rs 95.45 on BSE.
SBI’s slipped nearly 3 per cent after India’s largest lender posted a 178 per cent rise in net profit to Rs 16,884 crore. The stock closed at Rs 573.15 on BSE.
In the Nifty Index, Cipla, IndusInd Bank, Tech Mahindra, Wipro, Bharti Airtel, Coal India, Axis Bank, HCLTech, HDFC Bank, HDFC Life, and Reliance were the top gainers.
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On the other hand, SBI, Bajaj Auto, BPCL, Maruti Suzuki, NTPC, Eicher Motors, Power Grid, Bajaj Finserv, Tata Motors, Sun Pharma, and M&M were the top drags.