Infosys, HDFC Bank, HDFC, HCL Technologies, Larsen & Toubro, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank of India were the major winners.

Infosys, HDFC Bank, HDFC, HCL Technologies, Larsen & Toubro, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank of India were the major winners.

Equity benchmarks Sensex and Nifty ended over 1% higher on Friday, helped by heavy buying in Infosys and banking stocks amid a rally in global stock markets.

The 30-share BSE Sensex jumped 684.64 points or 1.20% to settle at 57,919.97. During the day, it rallied 1,199.79 points or 2.09% to 58,435.12.

Similarly, the broader NSE Nifty climbed 171.35 points or 1.01% to end at 17,185.70.

From the Sensex components, Infosys jumped nearly 4%, followed by HDFC Bank, HDFC, HCL Technologies, Larsen & Toubro, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank of India.

Among the laggards were Mahindra & Mahindra, Asian Paints, Reliance Industries, Wipro, Bharti Airtel and Power Grid.

India’s second largest IT services company Infosys on Thursday posted a better-than-expected 11% rise in consolidated net profit at ₹6,021 crore for the September quarter and announced buyback of shares worth ₹9,300 crore.

In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended higher.

Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended significantly higher on Thursday.

International oil benchmark Brent crude was trading 0.81% lower at $93.80 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Thursday as they offloaded shares worth ₹1,636.43 crore, as per exchange data.



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By Dipak

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