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Sensex surges 462 points; Nifty50 ends near 15,700; M&M rallies 4%

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.

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