Markets See 2nd Day Gains on Buy in Reliance | Techno Glob

Equity benchmarks ended higher on Friday, helped by buying in the major Reliance Industries index as well as fresh inflows of foreign funds.

Extending its rally from the previous day, BSE’s benchmark 30-stock index climbed 203.01 points or 0.34% to settle at 59,959.85. During the day, it jumped 376.33 points or 0.62% to 60,133.17.

On similar lines, the broader NSE Nifty advanced 49.85 points or 0.28% to end at 17,786.80.

In the Sensex pack, Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the big winners.

Shares of Maruti soared nearly 5% after the company announced its results.

Maruti Suzuki India on Friday announced a more than fourfold increase in its consolidated net profit to Rs 2,112.5 crore in the second quarter ended September 30, 2022, thanks to record sales.

Tech Mahindra, Tata Steel, Sun Pharma, ICICI Bank and State Bank of India were among the laggards.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.

European stock markets were trading in negative territory in mid-term trades. Wall Street ended on a mixed note Thursday.

The international oil benchmark, Brent, was trading down 0.84% ​​at $96.15 a barrel.

Foreign Institutional Investors (FIIs) turned buyers on Thursday as they bought shares worth Rs 2,818.40 crore, according to exchange data.

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