The Indian stock market’s key indices, Sensex and Nifty, rallied for the third straight day on Friday led by strong buying support in metal, financial and energy stocks.
The 30 stock S&P BSE Sensex surged 712.46 points or 1.25 percent to 57,570.25 points against its previous day’s close at 56,857.79 points.
This is the third consecutive day of rally in the Indian equities markets. The Sensex had gained 1041.47 points or 1.87 percent on Thursday.
The Sensex started the day sharply higher at 57,258.13 points and rose to a high of 57,619.27 points in the intra-day. The index touched a low of 57,104.81 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange rallied 228.65 points or 1.35 percent to 17,158.25 points against its previous day’s close at 16,929.60 points.
The Nifty has rallied for the third straight day. The Nifty had gained 287.80 points or 1.73 percent on Thursday.
Tata Steel surged 7.27 percent to Rs 107.65. Sun Pharma surged 5.45 percent to Rs 943.55 after announcing strong quarterly numbers.
Sun Pharma on Friday reported a consolidated net profit to Rs 2,060.88 crore for the quarter ended June 30 as compared to Rs 1,444.17 crore recorded in the corresponding period of the last year, registering a year-on-year growth of 42.70 percent.
Bajaj twins surged for the second consecutive day. Bajaj Finserv surged 2.64 percent to Rs 15039.30. The scrip had surged 10.14 percent on Thursday.
Bajaj Finance soared 1.87 percent to Rs 7208.90. The scrip had gained 10.68 percent on Thursday.
The index heavyweight Reliance Industries Limited soared 2.10 percent to Rs 2508.75.
IndusInd Bank, Asian Paints, Infosys, Wipro, HDFC, NTPC, and Bharti Airtel were among the major Sensex gainers.