Multi Commodity Exchange falls 10% after extending IT contract at higher cost

Domestic equities continued their rally for the third session straight on Friday and touched record highs again, led by gains in Infosys, HDFC twins, and strong FII inflows. BSE benchmark Sensex jumped 803.14 points, or 1.26 per cent to close the week at 64,718.56, while broader NSE Nifty50 climbed 213.45 points, or 1.13 per cent to 19,185.55.
Sensex touched a high of 64,768.58 in the intraday session, while Nifty50 touched a fresh peak of 19,201.70.
Sensex this week logged a gain of 1,740 points or 2.8 per cent, while in the month of June, the benchmark index climbed 2,097 points or 3.4 per cent, meanwhile, in the first quarter of FY24, the BSE index logged a rise of 5,727 points or 9.7 per cent.
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Similarly, Nifty 50 has jumped 2.8 per cent this week, 3.5 per cent in June, and in the first quarter of the year, the NSE benchmark has soared 10.5 per cent or 1,829 points.
M&M, Infosys, IndusInd Bank, Sun Pharma, Hero MotoCorp, TCS, Maruti Suzuki, Bajaj Auto, L&T, Tech Mahindra, Wipro and Power Grid were the top gainers in the opening session.
Except for the metal index, all sectors closed in the green as Nifty IT jumped 2.46 per cent, followed by Nifty Auto at 2.06 per cent, Nifty PSU Bank climbing 2.03 per cent, and Nifty Private Bank soaring 1.13 per cent.
All broader market indices ended in green, as Nifty 100 jumped 1.03 per cent, Nifty Smallcap 50 gained 1 per cent, Nifty 200 rose 0.98 per cent, and Nifty 500 climbed 0.92 per cent.