Sensex Surges Over 400 Points as Markets Bounce Back

Mumbai: In early trading on Friday, equity benchmark indices made a strong recovery following recent declines, buoyed by positive trends in Asian markets. The 30-share BSE Sensex surged by 411.17 points to reach 63,559.32, while the Nifty gained 115.9 points, reaching 18,973.15.

Key gainers among Sensex companies included NTPC, Mahindra & Mahindra, State Bank of India, Infosys, and Maruti, while Asian Paints was the only stock lagging behind.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all exhibited positive trading trends. Conversely, the US markets closed lower on Thursday.

The European Central Bank maintained unchanged interest rates for the first time in over a year.

Brent crude, the global oil benchmark, saw a 1.25% increase, reaching USD 89.03 per barrel.

Foreign Institutional Investors were noted to have divested equities worth Rs 7,702.53 crore on Thursday, as per exchange data.