Finance
The Indian benchmark indices were relatively flat throughout the day, but made a late surge to finish in the green. The Sensex closed at 60,950, up 113 points. The Nifty finished at 18,117, up 65 points.
Adani Enterprises soared 6.5% in today’s trading, followed by Bajaj Finserve and Hindalco, both of which rose more than 4%. Hero MotoCorp, Dr Reddy’s Laboratories, and Cipla all finished in the red.
Metal gained more than 4% and had a strong day among sector indices. Media and oil and gas also did well. Today’s session was dragged in by Pharma, Healthcare, IT, and FMCG.
The Asian market had a mixed day on Friday, with investors still concerned about central bankers’ hawkish stance but finding some hope with the news that China might be easing its Covid restrictions.
The Nikkei 225 index in Japan fell on Friday after a hawkish Federal Reserve in the United States prompted investors to sell after returning from a national holiday. Local corporate earnings reports also revealed a clear divide between winners and losers. The Nikkei dropped 1.68%, its worst day since October 11.
Source:LM
