Sensex, Nifty extend gains, close higher on earnings boost

Standard stock indices Sensex And elegant It ended Thursday in the green, up for the fourth straight day, amid fresh inflows of foreign money and heavy buying of information and communications technology stocks.

Purchasing majors Infosys And Reliance Industries In addition to optimism in the stock market.

The 30-share BSE Sensex Index rose 348.80 points, or 0.58 percent, to settle at 60,649.38 points. During the day, it jumped 397.73 points, or 0.65 percent, to 60,698.31 points.

The broader NSE Nifty index advanced 101.45 points, or 0.57 percent, to close at 17,915.05 points.

Among Sensex companies, Bajaj Finance, Bajaj Finserv, Infosys, Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, ITC, Tech Mahindra, Tata Steel, Tata Motors, Titan, Reliance Industries and Nestle were the main winners.

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Hindustan Unilever, Power Grid, Access Bank, Tata Consulting Services, State Bank of India, Asian Paints, and Wipro are the laggards.

In the Asian markets, Seoul, Japan, Shanghai and Hong Kong finished in the green.

Stock markets in Europe were trading in positive territory. US markets closed mostly lower on Wednesday.

“The domestic market is gradually shifting towards positive terrain, buoyed by positive FDI inflows and positive Q4 bank earnings. Globally, the US Q1 GDP number to be revealed today is expected to soften on a quarterly basis amid concerns about banking contagion. and slowing economy.

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“Next week Fed policy will be closely watched,” said Vinod Nair, Head of Research at Geojit Financial Services.

The benchmark BSE index rose 169.87 points, or 0.28 percent, to settle at 60,300.58 on Wednesday. The Nifty Index advanced 44.35 points, or 0.25 percent, to close at 17,813.60.

Meanwhile, the global oil standard Brent crude It advanced 0.40 percent to $78.07 a barrel.

Foreign Institutional Investors (FIIs) They turned into buyers on Wednesday as they bought shares worth Rs 1,257.48 crore, according to exchange data.