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Sensex ends 361 points up; Nifty settles short of 10,700

Sensex ends 361 points up; Nifty settles short of 10,700

Mumbai, Dec 7 (IANS) The key Indian equity indices surged around one per cent on Friday supported by a rise in banking stocks and easing crude oil prices, with the S&P BSE Sensex closing over 360 points higher.

Along with banking stocks, which rose 485.24 points, healthy buying was also witnessed in auto and capital goods stocks, which gained 171.72 points and 156.38 points, respectively.

The Nifty50 on the National Stock Exchange (NSE) ended higher by 93 points or 0.87 per cent at 10,693.70 points.

 

The Sensex closed at 35,673.25 points, higher by 361.12 points or 1.02 per cent, against the previous close of 35,312.13 points.

According to analysts, a drop in crude oil prices supported investors' sentiments. On Friday, the Brent crude oil price fell below the $60-per-barrel mark and traded at around $59 per barrel.

Oil prices fell after the Organisation of Petroleum Exporting Countries (OPEC) delayed the output-cut decision on Thursday as it awaited support from Russia, a non-OPEC major oil producing country.

On the Sensex, the top gainers were Kotak Mahindra Bank, Adani Ports, Bajaj Auto, Infosys and Asian Paints, whereas the major losers were Sun Pharma, Coal India, Yes Bank, NTPC and Tata Steel.

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Sensex ends 361 points up; Nifty settles short of 10,700

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Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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