Sensex, Nifty Register Worst Week Since May

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Domestic share markets soared more than 2 per cent on Friday, bouncing back from their longest losing streak since February. The S&P BSE Sensex index rose 803.37 points – or 2.20 per cent – to 37,356.97 at the strongest level of the day, and the broader NSE Nifty 50 benchmark climbed to as high as 11,039.50, up 233.95 points – or 2.17 per cent – from its previous close. Strong buying interest in IT stocks pushed the markets higher, however selling pressure in financial counters after the government extended the suspension of bankruptcy filings capped the upside.

The Sensex ended 786.84 points – or 2.15 per cent – higher at 37,340.44 and the Nifty settled at 11,050.25, up 244.70  points – or 2.26 per cent – from its previous close. 

Bajaj Finserv, HCL Tech, Cipla, Bharti Airtel, IndusInd Bank and Larsen & Toubro, closing between 4.44 per cent and 6.60 per cent higher, led gains in the Nifty basket of 50 shares. On the other hand, UPL, Bharat Petroleum and SBI Life, ending 1.11 per cent, 0.86 per cent and 0.58 per cent lower respectively, were the only laggards in the 50-scrip benchmark index. 

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