Sensex jumps 282.29 points to end the day; Nifty can also be installed in height

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The benchmark Sensex stock index jumped 282 points on Friday, following gains by HDFC Bank, Kotak Bank and Bajaj Finance amid positive signals from global markets and a sustained influx of foreign funds.

After a very volatile session, the 30-stock BSE index finished 282.29 points or 0.65 percent higher at 43,882.25.

Likewise, the larger NSE Nifty rose 87.35 points or 0.68 percent to 12,859.05.

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Bajaj Finserv was the top winner in the Sensex pack, bringing together over 9 percent, followed by Titan, Bajaj Finance, Kotak Bank, Bharti Airtel, Nestlé India and NTPC.

In contrast, Reliance Industries, IndusInd Bank, Sun Pharma, Axis Bank, ONGC and HUL were among the laggards.

“The BSE Sensex closes higher by around 1 percent in this week of Diwali,” said Sanjeev Zarbade, PCG Research vice president, Kotak Securities.

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“With the end of the earnings season, the focus will be back on economic recovery and market valuations,” he said, adding that the risk to the markets comes from a resurgence of COVID-infections. 19 in India.

Elsewhere in Asia, the Shanghai, Hong Kong and Seoul stock exchanges ended on a positive note, while Tokyo was in the red.

The stock exchanges in Europe traded on a positive note during the first transactions.

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Futures on Brent, the world’s benchmark for oil, rose 0.41 percent to $ 44.38 a barrel.

Meanwhile, foreign institutional investors have remained net buyers in the capital market as they bought shares worth Rs 1,180.61 crore on Thursday, according to provisional exchange data.

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