Domestic benchmark indices saw gains for the fourth straight session, headed by bulls who were profiting from the decline in crude oil prices and possibly easing inflation. With the Sensex closing above 60,000, both benchmark indices on Friday reached their best levels since April 5.
The NSE Nifty closed at 17,926, up 101 points or 0.57 percent, while the BSE Sensex soared 418 points, or 0.7 percent, to close at 60,260. The most recent market bull run in India is already in its fifth week.
The best performers were Bajaj Finserv, Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech. The top losers were M&M, Apollo Hospitals, Coal India, Cipla, SBI Life, Ultratech Cement, and Maruti Suzuki.
BSE MidCap and SmallCap indices close up to 0.6%. While the Nifty Auto index lost 0.5%, the Nifty PSB index finished in the black, gaining 2%.
International Markets: Even as Big Tech stocks declined in cautious trading ahead of the release of the eagerly anticipated minutes from the Federal Reserve's July meeting, Wall Street ended the day with another broadly positive closing price on Tuesday.
The Dow Jones Industrial Average, which consists of the stocks of 30 major US firms, increased by 0.7% on the day to build on its 1.5% gain on Monday. The top 500 US equities are represented by the S&P 500 index, which increased by 0.2% to build on its 0.4% gain from the previous session. As the pan-European Stoxx 600 showed little change in early trade, European markets were neutral.
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