The Bombay Stock Exchange Sensex surged 391 points on Friday to close at 37,556.16 points, while the National Stock Exchange Nifty 50 closed 116 points higher at 11,360.80. Gains in banking stocks helped the markets stop their two-day losing streak, according to Mint.
The top gainers on the Sensex were Axis Bank, Vedanta Limited, Yes Bank, ICICI Bank and Kotak Bank. The biggest losers were Tata Motors, Hero Motocorp, Asian Paints, HDFC Bank and Wipro. Stocks of Jet Airways, which has asked its employees to take a pay cut, fell by 7.23% to Rs 307.20 per share.
The stocks that gained the most on the Nifty 50 were Indiabulls Housing Finance, Axis Bank, Vedanta Limited, Yes Bank, and GAIL (India) Limited. The top losers were Tech Mahindra, Tata Motors, Grasim Industries, Hero MotoCorp, and IndusInd Bank.
Other major Asian markets had a mixed day. The Taiwan TSEC 50 Index closed over 80 points higher, and Japan’s Nikkei 225 was 12 points higher. China’s Shanghai SE Composite Index closed nearly 30 points lower than the opening and Hong Kong’s Hang Seng ended 40 points lower.
The Indian rupee was trading at 68.79 against the United States dollar.