VR Logo

Sensex shoots up by 3%

Positive global and Indian cues encouraged domestic bourses to chalk up gains

Positive cues flowing from global stock markets as well as good quarterly showing by Indian corporates encouraged investors to power Sensex by 317 points and the Nifty by 93 points on Friday.

The Bombay Stock Exchange sensitive index was powered by metal and IT scrips especially and closed for the day at 11,134.99, which was a jump of 2.93 per cent or 317.45 points from its previous close, thereby snapping a three-day loss-making streak.

The Nifty, on the more wide-based National Stock Exchange too finished on a high at 3,423.70 points, chalking up a gain of 2.80%--93.40 points.

On Friday, with investors probably looking to book profits, stock markets may well face some resistance.