May 03, 2024 13:46 (IST)
Follow us:
Indian benchmark indices end Friday and week on a positive note
Mumbai, Mar 4 (IBNS) Positive cues from a firm global market helped the Indian benchmark indices to post their fourth consecutive day of gains as markets closed for business on Friday.
Sensex was up 39.49 points to end at 24646.48 while Nifty rose 9.75 points to end at 7,485.35.
Metal, banking and real estate stocks overall performed well on Friday.
The market, which had reacted negatively on the day of the presentation of the Union Budget 2016 (Feb 29) remained upbeat for the remaining days of the week and posted its best weekly gain in more than four years.
During the week, hopes of a rate cut by the Reserve Bank of India and the easing of capital requirement rules by the central bank kept market sentiments upbeat.
On Friday, BHEL, SBI, Coal India, Tata Motors and Cipla were among the top gainers while Sun Pharma, Wipro, Maruti, L&T and Reliance were some of the top losers, according to market reports.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Ceat Q4FY24 net profit drops 22.8% YoY to Rs 102.27 cr Thu, May 02 2024
Honda Motorcycle & Scooter India sells 5,41,946 units in April Thu, May 02 2024
Adani Green Energy secures USD 400 million from international banks for 750 MW power projects Thu, May 02 2024
NPCI International partners with Bank of Namibia to deploy India’s UPI stack in Namibia Thu, May 02 2024
Godrej family amicably splits 127-yr-old business into two groups Thu, May 02 2024
Vedanta to invest $20 billion in India over next 4 yrs: Report Thu, May 02 2024
Blackstone Group backed Aadhar Housing Finance IPO to open on May 8 Thu, May 02 2024
Coal India April prodn grows by 7.3% to 62 MT Thu, May 02 2024