Indian benchmark indices broke their three-day losing trend and rose nearly 1% each on Friday based on cues from global markets. The BSE Sensex rose 361.12 points to close the day at 35,673.25, and the National Stock Exchange Nifty 50 gained 92.55 points to end at 10,693.70.
Asian and European stocks gained on Friday after the United States Federal Reserve said it would stop increasing interest rates, Mint reported.
Kotak Mahindra Bank was the top gainer on both the indices, rising nearly 9% after reports said that investor Warren Buffett’s Berkshire Hathaway Inc was planning to pick up stake in the bank, according to PTI. Other stocks which gained the most on the Sensex were Adani Ports, Bajaj Auto, Infosys and Asian Paints. On the Nifty, Bajaj Finserv and Bajaj Finance featured in the top five.
The biggest losers on the Sensex were Sun Pharma, Coal India, Yes Bank, NTPC and Tata Steel. On the Nifty 50, the top five losers were HCL Technologies, GAIL, Sun Pharma, Indiabulls Housing and Coal India.
The Indian rupee rose eight paise to end the day at 70.82 against the dollar.