Stock Market: Sensex Rises Over 200 Points, Nifty Around 19,450. Zomato Surges 13%

Stock Market: Sensex Rises Over 200 Points, Nifty Around 19,450. Zomato Surges 13%

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After a three-day losing run, the two key equity benchmarks, Sensex and Nifty, on Friday, were trading on a positive note amid mixed global trends. The index heavyweights across sectrors are trading in the positive zone. At 9.56 am, the BSE Sensex went up by 223 points to 65,464. On the other hand, the NSE Nifty50 was trading at 19,457, up 76 points.

On the 30-share Sensex platform, Wipro, TechM, HCL, TCS, Nestle, Infosys were trading in the green. On the downside, PowerGrid, Tata Motors, HUL, Bajaj Finserv, NTPC, Kotak Bank emerged early losers. Among individual stocks, shares of Zomato soared 13 per cent to hit 52-week high after the food aggregator turned profitable for the first time ever in the first quarter (Q1) of 2023-24 (FY24). Shares of Hindustan Construction rallied 3 per cent after the board approved to raise funds up to Rs 300 crore via rights issue.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 per cent.

Sectorally, Nifty Metal, Nifty Auto, and Nifty Consumer Durables were up to 0.8 per cent.

In the previous session on Thursday, the BSE Sensex ended 542 points lower at 65,241, while the Nifty50 fell 145 points 19,381.

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