Sensex, Nifty rise for second day amid inflow of foreign funds

Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the major winners.

Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the major winners.

Equity benchmarks ended higher on Friday, helped by buying in index major Reliance Industries with fresh foreign fund inflows.

Extending its previous day’s rally, the 30-share BSE benchmark climbed 203.01 points or 0.34% to end at 59,959.85. It jumped 376.33 points, or 0.62%, to 60,133.17 during the day.

Similarly, the broader NSE Nifty ended 49.85 points or 0.28% higher at 17,786.80.

Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the top gainers in the Sensex pack.

Maruti shares climbed nearly 5% after the company announced its earnings.

Maruti Suzuki India on Friday reported a more than four-fold increase in consolidated net profit to Rs 2,112.5 crore for the second quarter ended September 30, 2022, based on record sales.

Tech Mahindra, Tata Steel, Sun Pharma, ICICI Bank and State Bank of India were among the laggards.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong closed lower.

Stock exchanges in Europe were trading in negative territory in mid-session deals. Wall Street closed on a mixed note on Thursday.

International oil benchmark Brent crude was trading 0.84% ​​lower at $96.15 a barrel.

Foreign institutional investors (FIIs) became buyers on Thursday as they bought shares worth Rs 2,818.40 crore, according to exchange data.