Sensex Stays In Green At Noon, IT Rally Supports Dalal Street
Mumbai: Indian equity benchmarks traded higher on Friday, August 28, recovering from the previous session’s weakness as buying in information technology stocks supported sentiment. Around 12:30 pm, the BSE Sensex was trading 193.02 points, or 0.25 per cent, higher at 77,126.61. The NSE Nifty 50 gained 33.80 points, or 0.14 per cent, to 24,124.65. Sensex Climbs 193 Points, Nifty Advances On IT…
Mumbai witnessed a positive trading session on Friday, August 28, as the BSE Sensex and NSE Nifty 50 indices both recorded gains. By 12:30 pm, the BSE Sensex was trading 193.02 points, or 0.25 percent, higher at 77,126.61, while the Nifty 50 gained 33.80 points, or 0.14 percent, to 24,124.65.
The Sensex opened at 77,128.05, up from Thursday's close of 76,933.59, and the Nifty 50 started at 24,124.91, a rise from 24,090.85 the previous day. Information technology stocks led the rally, with Tech Mahindra, Tata Consultancy Services, and Infosys among the top gainers.
The Nifty IT index surged more than 1 percent, outperforming the broader market, while metal and media shares also attracted buying interest. However, private banking and financial services stocks faced pressure throughout the session.
Broader markets remained relatively subdued, with the Nifty MidCap index gaining around 0.03 percent, and the Nifty SmallCap index advancing 0.16 percent. However, heightened tensions surrounding Hormuz and uncertainty about US interest rates kept investors cautious.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
