RSS Sensex, Nifty End Modestly Higher; Automakers Surge

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 RSS Sensex, Nifty End Modestly Higher; Automakers Surge

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Indian equities posted slight advances on Friday, even as the rupee reached a new low due to increased dollar demand by importers at month's end and ongoing foreign investor outflows.

Global influences were restrained due to uncertainties regarding the Federal Reserve's interest rate trajectory for 2025 and potential changes in tariff policies from incoming U.S. President Donald Trump.

The key S&P BSE Sensex concluded the day 226.59 points higher, marking a 0.29% increase, closing at 78,699.07. Similarly, the broader Nifty index advanced by 63.20 points, equating to a 0.27% rise, settling at 23,813.40.

The top performers included companies from the automotive, financial, and pharmaceutical sectors, notably Eicher Motors, Tata Motors, Mahindra & Mahindra, IndusInd Bank, and Dr. Reddy's Laboratories, each recording gains of 2 to 3 percent.

Conversely, BEL, ONGC, Coal India, SBI, and Hindalco experienced declines ranging from 1% to 2%.

Media stocks saw widespread gains, with Den Networks, Hathway Cable & Datacom, and Network 18 Media & Investments each climbing approximately 2%.

Garware Technical Fibres saw a significant increase of 4.6% following preliminary approval from the Bombay Stock Exchange (BSE) for a 4:1 bonus issue.

The material has been provided by InstaForex Company - www.instaforex.com
 
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