Sensex jumps 767 points to close at 60,687 led by gains in IT, realty stocks: Nifty ends above 18,100

NEW DELHI: Equity indices jumped on Friday with the benchmark BSE sensex rising over 750 points led by gains in IT and realty stocks. The 30-share BSE index surged 767 points or 1.28 per cent to close at 60,687. While, the broader NSE Nifty settled 229 points or 1.28 per cent to close at 18,103. Top gainers in the sensex pack included Tech Mahindra, HDFC, Infosys, Bajaj Finserv and Bharti Airtel with their shares rising as much as 4.06 per cent. Bajaj Auto, Tata Steel, Axis Bank, NTPC and Power Grid were the only losers falling up to 2.97 per cent. On the NSE platform, sub-indices Nifty IT, Realty and Financial Services gained up to 2.1 per cent. Investors now eye the retail inflation data that is scheduled to be released later in the day. “If the inflation reading is within the (Reserve Bank of India’s) target range, it could provide some soothing or normalizing effect to the market,” Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services told news agency Reuters. Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth Rs 1,637.46 crore on Thursday, as per exchange data. In India, the sustained FII selling – Rs 8,458 crore selling till November 12, on top of the Rs 13,550 crore selling in October – indicates where smart money is headed. But… in recent times, there has been “new money” trumping “smart money”. Major indices on Wall Street ended on a positive note in the overnight session. (With inputs from agencies)

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