Sensex crossed the 74K mark after it gained more than 1000 points in a broad-based rally on Thursday.
Sensex was trading at 74,044 points, up 1047 points or 1.44 per cent.
Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent.
More than 50 per cent of the stocks are advancing on the BSE.
Shiju Koothupalakkal - Technical Research Analyst, Prabhudas Lilladher, said the Nifty index has witnessed a significant rise from 17360 level to touch the high of 22525 level in the last financial year 2023-2024 gaining almost 29 per cent with currently hovering near the all-time high zone, maintaining a strong uptrend and has further scope of upward movement having higher targets of 22700 and 23200 levels for the medium-term time frame. As of now, the important near-term support zone would be around 21900 levels.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the upward directional move expected from early April has been confirmed by the strong rally in Nifty yesterday (Wednesday). The primary catalyst for the ongoing rally is the huge liquidity flows into the market. DIIs have pumped in a massive Rs 24373 crore into the market during the last seven trading days imparting resilience to the market.
IBM partners Sarvam to strengthen India's sovereign AI ecosystem
IBM and homegrown AI startup Sarvam have partnered to accelerate the development and adoption of sovereign artificial intelligence (AI) technologies in India, with a focus on government agencies, public sector organisations and regulated enterprises, according to a statement on Friday.
Sensex climbs 274 pts, Nifty ends above 24,300 as auto stocks lend support
Indian equity benchmarks closed with modest gains on Thursday after a subdued trading session, as investors remained watchful of the evolving geopolitical situation in West Asia.
Markets extend losing streak to 5th day; Sensex sheds 332 points, Nifty slips below 23,800
Indian equity benchmarks extended their losing streak to a fifth consecutive session on Friday, marking their longest stretch of declines since the first week of January, as investors remained cautious amid concerns over the inflation and growth outlook in the backdrop of elevated crude oil prices.