Sensex rises 965 points on strong Q1 earnings
The Sensex surged 965 points, closing higher, driven by strong Q1 earnings from major companies like Tech Mahindra, which reported a 28.4% rise in net profit to ₹1,465 cr. The Nifty also reached 24,330, supported by a strengthening rupee.
pre-market1 source ↓written by the desknot a recommendation
- net profit rose
- 28.4%
- ₹1,465 cr
Benchmark indices surged on Friday, with Sensex climbing 965 points to close higher, while Nifty reached 24,330. The rally was fueled by buying in Reliance Industries, IT, and banking stocks, as optimism grew around Q1 earnings expectations. A strengthening rupee against the US dollar further boosted market sentiment. 📈
Key Points:
• Tech Mahindra's net profit rose 28.4% to ₹1,465 cr
• Shift towards large-cap stocks noted
• Broader market remains negative due to global cues.
Not investment advice. For informational purposes only.