Sumary of Sensex surges 462 points; Nifty50 ends near 15,700; M&M rallies 4%:
- Both the indices affix weekly gains of 2.7 per cent, record their best week in over a month.
- Domestic benchmark indices snapped their two-week losing streak on Friday, raise by distinct gains in auto and financial stocks, as a slide in commodity prices supply merchants some respite from broadening inflationary pressures.
- Mirroring a firm direction in the global market and in consequence to declining commodity prices, the domestic market maintained its affirmative direction, said Vinod Nair, Head of Research at M&M increase over 4 per cent, while , Hero Moto, , , and rose around 2 per cent each.
Want to know more click here go to source.