The 30-share BSE Sensex pack soared more than 500 points to hit a day high of 76,968, while the broader NSE Nifty index moved 155 points up to hit an all-time peak of 23,420.
The Indian markets traded on Saturday as the national bourses conducted a special trading session for an easy switch over to a disaster recovery site. The equity benchmark indices extended its winning streak to its third day on Saturday as the benchmark indices ended higher on both of the special sessions.
The S&P BSE Sensex closed 88.91 points or 0.12%, higher at 71,005.94, while the NSE Nifty 50 advanced 35.9 points or 0.16%, to end at 22,502.
Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level.
Nifty on Wednesday ended flat to form a high wave type candle pattern, which indicates chances of an upside bounce. The positive chart pattern like higher tops and bottoms is intact as per daily time frame chart and presently the market is in an attempt of new higher bottom formation.
Indian shares fell on
Wednesday, led by information technology and financials,
after hotter-than-expected U.S. inflation fuelled concerns of
further delay in interest rate cuts, weighing on...
BSE 500 stocks such as Paytm, Gujarat Gas, RCF, La Opala, Prestige Estates, MMTC, RHIM, LTTS and Fortis cracked up to 8.82 per cent. In contrast, KIOCL, Elgi, NBCC, SJVN, Nesco, National Aluminium and Solar Industries jumped up to 5.22 per cent.
Indian benchmark indices were trading with gains on Friday, tracking upbeat cues from overseas. The BSE Sensex was up around 300 points at 54,530, and the NSE Nifty was 100 points higher at 16,250. The broader markets were outperforming the benchmarks.