Markets remained volatile through the session as investors reacted to weak global cues and the Reserve Bank of India’s monetary policy decision, which met expectations.
Sensex gains 266 points
Mumbai: Indian equity benchmarks staged a late recovery on Friday, snapping part of the previous session’s losses as strong buying in the final hour lifted key indices.
The Sensex rose 266.47 points, or 0.32 per cent, to settle at 83,580.40, while the Nifty climbed 50.90 points, or 0.20 per cent, to close at 25,693.70.
Markets remained volatile through the session as investors reacted to weak global cues and the Reserve Bank of India’s monetary policy decision, which met expectations. The RBI’s Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 5.25 per cent and maintained its neutral stance.
The indices opened on a weak note, with the Nifty hovering around the 25,600 mark. Selling pressure intensified during mid-trade, pushing the benchmark below 25,500. However, a steady recovery and aggressive buying toward the close helped the market finish near the day’s high.
Despite the rebound, broader markets remained under pressure, with nearly 100 stocks hitting their 52-week lows. Shares of Poly Medicure, Cyient, Hexaware Technologies, Aavas Financiers, Syngene International, Newgen Software, Happiest Minds, Vedant Fashions, Info Edge, Mankind Pharma, KPIT Technologies and Procter & Gamble were among those touching fresh yearly lows.
On a weekly basis, both the BSE Sensex and the Nifty registered gains of around 1.5 per cent each, reflecting continued investor interest despite intermittent volatility.
