INDIAN BENCHMARKS: Sensex rallies 278 points, Nifty50 closes in on 7,500

INDIAN BENCHMARKS: Sensex rallies 278 points, Nifty50 closes in on 7,500

Tracking mixed cues from global markets, the domestic equity market notched up handsome gains for the second day on Friday, led by a rally in banking, metal and IT stocks.

A strong rally in the US market in overnight trade amid a rebound in crude prices helped investor sentiments on Dalal Street.

The 30-share Sensex of the BSE ended at 24,616.97, up 1.14 per cent or 278.54 points. The NSE's Nifty50 settled at 7,489.10, up 1.15 per cent or 85.10 points.

Banking stocks led the gains, as Axis Bank  rose 4.40 per cent, Bank of Baroda 4.11 per cent and PNB 4.07 per cent.

Axis Bank, Tata Motors, Cipla, Hero Moto and Bajaj Auto were among the highest gainers,

Gail, Maruti, Adaniport, ONGC were among the losers.

UPCOMING RESULTS:

APOLLOTYRE, BHARAT FORGE, AURO PHARMA, CESC, BRITANNIA, DR REDDY, GAIL, HINDALCO, MOTHERSUMI, PETRONET

HEADLINES OF THE DAY

Lupin jumps as Q3 earnings give positive surprise; profit, revenue beats estimate

Bosch announces Q3 net profit at Rs221 crore

Eicher Motors spurts on robust Q3 consolidated net profit

The crucial resistance for Nifty SPOT is now seen at 7576 and above this 7634.Support for the immediate term is now placed at 7457 and next support will be 7361.

Get real time advice for Intraday Trading Tips , Share Market Tips  , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips ,  and all Maket Updates .