Bulls back in action! Sensex rises after 5-day hiatus, surges 500 points; Nifty above 22,600
Indian benchmark equity indices opened higher on Friday, led by index heavyweight financial stocks. The BSE Sensex was trading 350 points higher at 74,235, and the Nifty50 was up 100 points at 22,589 around 9:20 am.
After five consecutive sessions of decline, benchmark opened higher on Friday, led by index heavyweight .The was trading 508 points, higher at 74,394. The Nifty50 was up 163 points, trading at 22,632 around 9:20 am.
India's elections, which began on April 19, will conclude on June 1 and votes will be counted on June 4. are awaiting the exit polls, which project results after voting ends.
Also in focus will be India's fourth-domestic quarter due later in the day, where the economy is expected to have grown at a slower pace than the previous three months.
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Source: Stocks-Markets-Economic Times
