Lagatar24 Desk
Mumbai, Feb 25: After plunging for seven straight sessions, the Indian equity indices rallied on Friday, with gains across the board. The benchmark BSE Sensex rose 1,329 points, or 2.44 percent, to close at 55,859 points, while the broader NSE Nifty rose 410 points, or 2.53 percent, to 16,658 points. Both indices had plummeted in the previous session, recording their worst drops in more than a year.
Investor attitude turned bullish tracking the global markets as U.S. President Joe Biden fired back at Russia with heavy sanctions after it attacked Ukraine.
After declining for seven straight sessions, Indian equity indices rallied on Friday, with gains across all sectors leading the way. The benchmark BSE Sensex rose 1,329 points, or 2.44 percent, to 55,859, while the broader NSE Nifty rose 410 points, or 2.53%, to 16,658. In the previous session, both indexes had plummeted to their lowest levels in almost a year.
Following the global markets, investor morale improved as US President Joe Biden retaliated against Russia with heavy sanctions after it attacked Ukraine.
On a stock-by-stock basis, Coal India was the highest Nifty gainer, rising 8.87 percent to Rs.163.30. Among the gainers were Tata Motors, Tata Steel, Adani Ports, and IndusInd Bank.
On the BSE, the overall market breadth was solid, with 2,643 shares rising and 726 falling.
On the 30-share BSE index, Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech Mahindra, and Kotak Mahindra Bank were the top gainers. Nestle India, on the other hand, ended up in the red.
