The 30-share BSE Sensex pack surged more than 1,100 points to trade above 78,250 level, while the broader NSE Nifty index moved up 351 points to trade at 23,701.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

After two months of intense selling pressure, India’s equity market staged a significant rally on Friday, with benchmark indices BSE Sensex and NSE Nifty 50 sur

The weekly performance turned green eventually for these two benchmarks, which was earlier dragged by the escalation of war between Russia and Ukraine coupled with investors demand for dollar and treasury yields.

Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

Nifty surpassed the previous swing high of 23,780 and, thereby, reversing its short-term trend. An analyst expects the Nifty to retrace towards 24,400 with potential to extend towards 24,730.

Fantastic Friday! Sensex, Nifty surge over 2% each. Sensex surges over 1,900 pts, Nifty reclaims 23,900. ICICI Bank, RIL, SBI contribute to Sensex rally. All sectors largely see buying activity. Nifty IT index jumps on strong US labor market data.