NEW DELHI: Markets finished the week on a positive note with the benchmark BSE Sensex rising over 550 points to reclaim the 35,000-mark. On strong global cues, Sensex on Friday soared 580 points to finish at 35,012, while the broader NSE Nifty closed above 10,550, up 173 points.
Both the BSE and NSE indices surged more than 1.5 per cent each.
On the BSE index, Maruti Suzuki, Vedanta, Tata Motors, Adani Ports and IndusInd Bank were the major gainers with their stocks rising as much as 6.64 per cent. On NSE, Nifty Auto and Metal were the top performing sub-indices, gaining as much as 4.15 per cent.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the $73-mark to quote at a seven-month low of $72.65 by falling 3.48 per cent, traders said.
Strengthening rupee against the dollar and a firm trend at other Asian markets, tracking overnight gains at the Wall Street after US President Donald Trump said that trade talks with China were “moving along nicely”, also boosted investor sentiment.
The rupee appreciated 31 paise to 73.14 against the dollar at the interbank foreign exchange in early trade amid fresh foreign fund inflows.
“Macros have shown improvement, and sentiment is slowly improving as well,” said Anita Gandhi, whole-time director, Arihant Capital Markets.
(With inputs from agencies)