Indian stock indices settled in the red for the third straight day on Friday, the last session of the current week, due to looming uncertainties around President Donald Trump-elect's likely actions post his inauguration.
Sensex closed 0.4 per cent higher at 79,688 points, while Nifty closed 0.4 per cent to end at 24,300 points, rebounding from two days of losses. All sectoral indices opened in green and continued upward during the Muhurat Trading hour, with only Nifty IT closing marginally lower by 0.02 p
The Indian IT sector is poised for strong earnings growth in the coming years, with a projected double-digit Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of 17.5 per cent from FY24 to FY27, according to a recent industry analysis report by Nirmal Bang Equities.
Indian stock markets surged firmly on Friday from the opening session, with both indices gaining more than 1 per cent following the rally in the Nifty IT and Nifty Realty.
Key indices BSE Sensex went up 600 points and settled at 61,032.26 while NSE Nifty surged 157 points to 17,928.10. According to NSE data, The Nifty IT index rose 0.99 per cent to 30,588.75. The index had fallen 2.26 per cent in the past two sessions.
New Delhi [India], July 29 (ANI): The rally in Indian stocks continued for the third straight day on Friday, supported by a rise in Nifty IT, metal, auto, and realty indices. In early trade, the benchmark indices Sensex and Nifty rose around 1 per cent each.