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Sensex Closes 143 Points Higher in Volatile Trading

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MUMBAI, INDIA: The benchmark Sensex in India closed 143 points higher in volatile trading on Friday, despite mixed cues from global stock markets. During the day, the Sensex fluctuated by 728 points.

The Sensex opened on a high note, rising more than 500 points in the morning trade. However, the index fell into the red in the afternoon. The markets gain some ground near the end of the trading session, aided by strong buying support in heavyweight Reliance Industries and IT stocks.

Share Market Live Updates: SGX Nifty indicates a negative start for Sensex, Nifty | Photo by Business Today

The Bombay Stock Exchange’s 30-stock SP Sensex closed at 59,744.65 points, up 142.81 points or 0.24 percent from the previous day’s close of 59,601.84 points.

The Sensex experienced volatile trading, rising to a high of 60,130.18 points and a low of 59,401.44 points in a single day, fluctuating by 728.74 points. On Thursday, the Sensex fell 621.31 points, or 1.03 percent.

The National Stock Exchange’s broader Nifty 50 closed at 17,812.70 points, up 0.38 percent or 66.80 points from the previous day’s close of 17,745.90 points.

The Nifty also experienced intra-day volatility, reaching a high of 17,905.00 points and a low of 17,704.55 points.

Reliance Industries gained 0.80% to Rs 2435.95. After the company announced that it had raised $4 billion in US dollar bonds, Reliance Industries saw strong buying support, rising to a high of Rs 2457.65 intraday. This is the largest such issue by an Indian corporation.

The bond was nearly three times oversubscribed. Another significant development occurred in the Reliance sector. Reliance Retail has announced the acquisition of a stake in quick commerce player Dunzo.

Asian Paints increased by 1.79 percent to Rs 3576.45. TCS was up 1.26 percent at Rs 3854.85, Nestle India was up 1.23 percent at Rs 19888.75, UltraTech Cement was up 1.18 percent at Rs 7553, ICICI Bank was up 1.06 percent at Rs 793.35, Hindustan Unilever was up 1% at Rs 2416.50, and Wipro was up 0.79 percent at Rs 711.20.

Half of the Sensex scrips ended in the red. Bajaj Finserv fell 1.39 percent to Rs 17736, while MahindraMahindra fell 1.31 percent to Rs 828.95.

LarsenToubro was down 1.06 percent at Rs 1904.75, Bajaj Finance was down 1% at Rs 7662.45, HDFC was down 0.98 percent at Rs 2596.90, Titan was down 0.92 percent at Rs 2572.80, Bharti Airtel was down 0.78 percent at Rs 704.70, and Dr Reddy’s Laboratories was down 0.69 percent at Rs 4707.

ANI

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