Indian Markets Rise; Sensex Up Over 200 Points


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Indian stock markets were trading higher on Friday. The S&P BSE Sensex climbed 217 points, or 0.84 percent at 26077.29. The 30-share index touched a low of 25,874.45 in morning trade. The Nifty50 rose 1.04 percent to 8048.05, after touching a low of 7,976.75 in morning trade.

The S&P BSE Midcap Index gained 0.29 percent, while the BSE S&P Smallcap Index rose 0.60 percent.

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Shares of SpiceJet rose over 4 percent on Friday, as the company is scheduled to report September quarter results later in the day.

The Indian rupee rose 5 paise to trade at 68.67 against the U.S. dollar on Friday.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 2.16 percent to close at $41.21 on Wednesday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.74 percent to close at $18.66.

U.S. markets were closed Thursday for the Thanksgiving holiday. US stock markets closed mostly higher on Wednesday, with the Dow Jones Industrial Average gaining 0.31 percent, the S&P500 index rising 0.08 per cent, and the Nasdaq Composite dropping 0.11 percent.

US WTI crude futures on the NYMEX dropped 0.71 percent to trade at $47.62 per barrel.

Top market movers among the BSE index are as follows

  • Lyka Labs Ltd. rose about 20 percent to 61.55 INR.
  • Onelife Capital Advisors Ltd. rose 20 percent to 24.90 INR.
  • Oil Country Tubular Ltd. shares gained around 20 percent to 34.50 INR.
  • Bodhtree Consulting Ltd. shares surged 20 percent to 30.20 INR.

 

  • Birla Cotsyn (India) Ltd. slipped 50 percent to 0.05 INR.
  • Landmarc Leisure Corporation Ltd. shares dropped around 13 percent to 0.68 INR.
  • Syschem (India) Ltd. fell around 11 percent to 5.51 INR.
  • Kamadgiri Fashion Ltd. shares declined 9 percent to 70.00 INR.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsForexGlobalMarketsIndian stock marketsNifty50rupeeS&P BSE Sensex