After two days of losses, equity indices surge

Mumbai: Value buying, along with broadly positive global bourses and a recovery in Indian rupee, aided the key Indian equity indices to make substantial gains on Friday.

Both the BSE Sensex and NSE Nifty50 ended over one per cent higher after two days of consecutive losses.

Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,714.30 points — up by 125.20 points or 1.18 per cent — from its previous close of 10,589.10 points.

The barometer 30-scrip Sensex on the BSE, which had opened at 35,128.16 points, closed at 35,423.48 points — higher by 385.84 points or 1.10 per cent — from its previous session's close of 35,037.64 points. Sensex touched a high of 35,459.05 points and a low of 35,099.65 points during the intra-day trade.

In the broader markets, the S&P BSE mid-cap rose by 1.81 per cent and the S&P BSE small-cap ended 1.92 per cent higher from its previous close. The BSE market breadth was bullish with 1,830 advances and 757 declines.

Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 157.15 crore while the domestic institutional investors bought stocks worth Rs 2,262.83 crore.