Indian equity markets continued their upward momentum on Friday, buoyed by strong global cues and improved risk appetite following the US Federal ReserveтАЩs 25 bps rate cut.
At around 10 a.m., the benchmarks were trading firmly in the green:
- Sensex climbed 370.72 points (0.44%) to 85,188.85
- Nifty rose 118.60 points (0.46%) to 26,017.15
Top Gainers (Nifty50):
- Hindalco Industries
- Larsen & Toubro
- Tata Steel
These stocks advanced up to 2%, leading the rally.
Top Losers:
- Hindustan Unilever
- Infosys
Both declined up to 2%, dragging the index partially.
Market breadth remained strongly positive with:
- 2324 stocks advancing
- 1002 declining
- 145 unchanged
тнР Why Are Markets Rising?
1) Strong Global Cues
Asian markets such as Kospi, Nikkei 225, and Hang Seng were trading in the green.
US markets also closed mostly higher, providing a supportive backdrop for Indian equities.
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