Stock markets rise for 3rd day, Sensex jumps 484.53 pts on gains in banking, oil shares
Mumbai (PTI): Benchmark Sensex spurted by 484 points and Nifty closed at a 52-week high on Friday, extending their winning run to the third consecutive day on buying in blue-chip banking and oil shares and foreign fund inflows.
In a volatile session, the 30-share BSE Sensex jumped 484.53 points or 0.58 per cent to settle at 83,952.19, a level not seen since June 27. During the day, it surged 704.58 points or 0.84 per cent to 84,172.24.
The 50-share NSE Nifty climbed 124.55 points or 0.49 per cent to settle at a 52-week high of 25,709.85.
Among Sensex firms, Asian Paints jumped the most by 4.18 per cent. Mahindra & Mahindra, Bharti Airtel, ITC, Hindustan Unilever, ICICI Bank and Reliance Industries were also among the gainers.
However, Infosys, HCL Tech, Eternal, Tech Mahindra and Tata Steel were among the laggards.
"The Indian markets ended the week on a strong footing, with both the Nifty-50 and Bank Nifty surging past their key psychological resistance levels amid sustained institutional participation and broad-based buying interest. Despite a mixed global backdrop, domestic sentiment remained firm, supported by strength in financials, autos, and FMCG stocks," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
The BSE smallcap gauge declined 0.49 per cent and midcap index dipped 0.43 per cent.
Among sectoral indices, consumer durables climbed 1.48 per cent, FMCG (1.19 per cent), auto (0.59 per cent), healthcare (0.50 per cent), bankex (0.48 per cent), telecommunication (0.36 per cent) and financial services (0.31 per cent) were the gainers.
However, BSE Focused IT, IT, commodities, teck, industrials, metal and services were among the laggards.
On the weekly front, the BSE benchmark jumped 1,451.37 points or 1.75 per cent, and the Nifty surged 424.5 points or 1.67 per cent.
Vinod Nair, Head of Research, Geojit Investments said, "The market has continued its upward momentum, reaching a new 52-week high, largely driven by consumption-oriented stocks, anticipating improved volume growth. Inline earnings from banks and signs of easing asset quality stress have bolstered overall industry optimism.
Foreign Institutional Investors (FIIs) bought equities worth Rs 997.29 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth Rs 4,076.20 crore in the previous trade.
In Asian markets, South Korea's Kospi settled in the positive territory while Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
Markets in Europe were trading sharply lower. US markets ended lower on Thursday.
Global oil benchmark Brent crude declined 0.92 per cent to USD 60.50 a barrel.
On Thursday, the Sensex jumped 862.23 points or 1.04 per cent to settle at 83,467.66. The Nifty surged 261.75 points or 1.03 per cent to 25,585.30.
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UP: Over 60 people fall sick after eating prasad at religious ceremony
Kannauj (UP) (PTI): Sixty-two people fell sick allegedly after earing 'prasad' during a religious ceremony being held here at a private residence, officials said on Saturday.
The 'prasad' consisting of 'panchamrit' and 'panjiri' was distributed on Friday night during a 'Satyanarayan Katha' organised at the residence of Munna Lal Kashyap in Simuapur village, Kannauj.
After eating the 'prasad', several people's health began to deteriorate during the night. Initially, they were taken to private practitioners but eventually all of them were shifted to the district hospital, they said.
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Dr Akanksha at the district hospital said that 62 patients had arrived by 10.30 pm. Among them, 14 patients whose condition was critical were referred to the Medical College in Tirwa (in Kannauj district).
The remaining patients are currently undergoing treatment involving IV drips and medications. The condition of most patients is reported to be stable, officials said.
Upon receiving information about the incident, District Magistrate Ashutosh Mohan Agnihotri, Chief Medical Officer (CMO) Dr Swadesh Gupta, and Additional Superintendent of Police Ajay Kumar arrived at the district hospital.
The officials inquired about the patients' health and issued directives for their proper medical care.
