Sensex and Nifty rise for second consecutive session
Benchmark indices closed higher on Friday as IT stocks and retail arm Trent drove market gains, according to Mint.
The Sensex and Nifty 50 rose for a second straight session on Friday, according to a report by Mint. The Sensex climbed 308.49 points, or 0.42 per cent, to finish at 74,459.53, while the Nifty 50 gained 116.35 points, or 0.51 per cent, to settle at 23,053.10.
The market gains were supported by buying in IT stocks and performance from Trent, the retail unit of the Tata Group. For the week, the Sensex rose 1.8 per cent and the Nifty 50 increased by 2 per cent.
During the week, foreign portfolio investors purchased more than ₹ 14,000 crore of equities, including primary-market investments. Domestic institutional investors bought ₹ 7,062 crore.
The Nifty IT sector led sectoral gains with a 2.32 per cent rise, followed by Healthcare at 1.58 per cent and Pharma at 1.55 per cent. Conversely, Consumer Durables fell 1.78 per cent.
In the banking sector, Nifty Bank rose 642.25 points, or 1.18 per cent, to close at 54,909.65. Kotak Mahindra Bank led the gains in this segment, rising 4.32 per cent, while HDFC Bank fell 0.29 per cent.
