Equity markets opened the new financial year (FY2022-23) with sharp gains on Friday, with the Sensex rising over 708 points to recapture the crucial 59,000-mark, following gains in index heavyweights HDFC Finance, HDFC Bank and Reliance Industries, along with foreign fund inflows.
.The BSE Sensex rose 708.18 points, or 1.21 percent, to close at 59,276.69 on the opening day of trading in the new financial year. It rose 828.11 points, or 1.41 percent, to 59,396.62 during the day. The broader NSE Nifty index rose 205.70 points, or 1.18 percent, to 17,670.45.
NTPC, PowerGrid, IndusInd Bank, State Bank of India, HDFC, Mahindra & Mahindra, HDFC Bank, Bajaj Finance, and Axis Bank were among the top gainers among the 30-share Sensex group. Tech Mahindra, Sun Pharma, Dr. Reddy's, Titan, and Infosys, on the other hand, were the laggards.
In other Asian markets, Seoul and Tokyo closed the day lower, while Shanghai and Hong Kong concluded the day higher. The majority of European markets were trading higher. In the overnight session, stock exchanges in the United States closed on a negative note. Meanwhile, Brent crude, the worldwide oil benchmark, rose 0.22 percent to USD 104.94 a barrel.
As per stock market data, foreign institutional investors (FIIs) continued to be net purchasers on Thursday, buying shares worth Rs 3,088.73 crore. The BSE Sensex rose 9,059.36 points, or 18.29 percent, in the fiscal year 2021-22, while the Nifty rose 2,774.05 points, or 18.88 percent.
Watch Cryptocurrency Prices today: Bitcoin, Polkadot, Dogecoin down
FDI into India increased by 65 pc during Modi regime: Nirmala Sitharaman
