The top gainers were Bajaj Finserv, Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel...
Digital Desk: Domestic benchmark indices continued their winning streak for the fourth consecutive day, led by bulls benefiting from a drop in crude oil prices and a probable reduction in inflation. With the Sensex closing above 60,000, both benchmark indices on Friday reached their best levels since April 5.
The NSE Nifty finished at 17,926, up 101 points or 0.57 percent, while the S&P BSE Sensex soared 418 points, or 0.7 percent, to settle at 60,260. The most recent bull run in Indian stock prices is currently in its fifth week.
The top gainers were Bajaj Finserv, Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech (up about 6%). On the other hand, M&M, Apollo Hospitals, Coal India, Cipla, SBI Life, Ultratech Cement, and Maruti Suzuki were the drags, down up to 1.2 percent.
The increases in ICICI Securities, Supreme Industries, Zee Entertainment, Rossell India, Adani Power, Nava, and Rattan India Enterprises drove gains in the larger market, which saw the BSE MidCap and SmallCap indices close up to 0.6%. While the Nifty Auto index lost 0.5%, the Nifty PSB index finished in the green, gaining 2%.
Wall Street closed broadly higher on Tuesday, despite Big Tech stocks falling in cautious trade ahead of the release of the Federal Reserve's highly anticipated minutes from its July meeting.
The Dow Jones Industrial Average, which includes equities from 30 major US firms, rose 0.7% on the day, extending Monday's gain of 1.5%. The top 500 US equities are represented by the S&P 500 index, which increased by 0.2% to build on its 0.4% gain from the previous session.
European markets were mixed as the pan-European Stoxx 600 was little changed in early trade.
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