Stock Market

Share market upgrade: These stocks rise over 10% on NSE on Friday

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NEW DELHI: Shares of Kolte - Patil Developers (up 20 per cent), Hindustan Construction Company (up 16.13 per cent), Jindal Saw (up 11.74 per cent), Sequent Scientific (up 11.73 per cent), EID Parry India (up 10.54 per cent) and IDBI Bank (up 10.33 per cent) surged over 10 per cent on NSE on Friday. Indian stocks rebounded impressively on Friday, snapping two-day losing streak as the July derivatives contracts started on a strong note. Factors including a recovery in Indian rupee, easing global crude oil prices and firm global cues supported the rally. The Indian rupee recovered significantly against the US dollar on Friday on fresh selling of the American currency by banks and exporters.

A tepid slump in the global crude oil prices also influenced the sentiment.

The Sensex index closed Friday's session 386 points, or 1.10 per cent, up at 35,423, with 24 stocks advancing and 7 declining. The Nifty index gained 125 points, or 1.18 per cent, to end the day at 10,714, with 40 stocks in the green and 10 in the red. All sectors on NSE closed the day with gains, with metal and realty jumping over 2 per cent. GAIL (India), Titan Company, Hindalco Industries, Bajaj Auto, Tata Steel and Larsen Toubro stood as the top gainers in the Nifty index on Friday.




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