August 25, 2026 02:36 am (IST)
Follow us:
Indian benchmark indices rally on Friday to halt its three-week losing spree
Mumbai, Jan 29 (IBNS): Indian benchmark indices ended 1% up as the market closed on Friday, with the Sensex touching 4870.69 (up 401.12 points) and Nifty touching 7,563 (up 138.90 points), largely due to a rebound in commodity prices and firm global cues, thus halting its three-week losing streak.
Earlier on Friday, the Bank of Japan (BoJ) pushed to adopt negative interest rates to stimulate the Japanese economy, which fuelled the global risk appetite for equities; Asian markets gained between 1% and 3%.
Global oil prices trading above $34 a barrel and heading towards their second weekly gain also boosted market sentiments.
Sentiments in the Indian market improved further after the latest government report revealed that India’s fiscal deficit stood at Rs 4.88 lakh crore during April-December, or 87.9% of the full-year target, indicating an improvement in its finances.
The deficit was 100.2% of the full-year target during the same period a year ago.
Yes Bank's shares surged 11.2% afte rit reported a better-than-expected 25% increase in quarterly profit.
Other leading gainers on Friday were Reliance Industries, Housing Development Finance Corp., Infosys, Vedanta,Larsen & Toubro, Sun Pharma, Hero MotoCorp and Coal India.
The losers included ICICI Bank, Maruti Suzuki, Bank of Baroda, State Bank of India, Tata Steel and Bharti Airtel.
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
Tata Power Renewables marks a major milestone with the commissioning of 190.5 MW FDRE project in Rajasthan. All details inside
Mon, Aug 24 2026
Samsung's big AI push in India: New Pune facility to power next-gen data centre cooling
Mon, Aug 24 2026
Best Indicators For Futures Trading
Mon, Aug 24 2026
China orders massive EV recall: Nearly 3 million Teslas among 4.3 million vehicles affected
Mon, Aug 24 2026
Yes Bank launches ‘YES Essence’ for women. How can you avail it?
Fri, Aug 21 2026
Aditya Birla Capital enters gold loans: What consumers should know
Fri, Aug 21 2026