On Thursday, the nation’s economic statistics were made public. The market increased on Friday as a result of these numbers. The rupee also closed higher versus the dollar at the same time. Sensex ended the day up 492 points, while Nifty gained 115 points. The market’s upward trajectory has also been aided by foreign investors’ ongoing purchases.
December 2023 saw an increase in the stock market. In addition to the Sensex and Nifty, several stock markets ended the week with gains on Friday. Thursday’s market closure coincided with the announcement of the nation’s GDP statistics. On Friday, the market was seeing the effects of these numbers.
The closing value of the BSE Sensex on Friday was 67,481.19, a 0.74% gain of 492.75 points, the largest since September 18. It increased 575.89 points, or 0.85%, throughout the course of Friday’s trading to 67,564.33.
At 20,267.90, the Nifty finished at an all-time high, up 134.75 points, or 0.67%. The benchmark reached an intraday record high of 20,291.55 throughout the course of the day, rising 158.4 points or 0.78%.
Top gainer and top loser stocks
The biggest gainers among Sensex firms were Asian Paints, Tata Steel, ITC, NTPC, Axis Bank, Larsen & Toubro, and Bajaj Finance. Mahindra & Mahindra, Wipro, Maruti, IndusInd Bank, Kotak Mahindra Bank, and HDFC Bank all had declining closing shares at the same time.
State of the world market
Shanghai finished higher on Asian markets, but Seoul, Tokyo, and Hong Kong closed lower. The trade on European markets was favorable. The US markets ended Thursday largely higher.
The benchmark for global oil, Brent crude, dropped 0.57% to US$80.40 a barrel. Exchange data indicates that on Thursday, foreign institutional investors (FIIs) purchased stocks valued at Rs 8,147.85 crore.
India continues to be the biggest economy with the quickest rate of growth in the globe. Significantly faster than anticipated, its GDP expanded by 7.6 percent in the September quarter. A monthly survey released on Friday indicates that November saw the manufacturing sector in India maintain its impressive performance.
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