INSUBCONTINENT EXCLUSIVE:
NEW DELHI: GAIL (India), Titan Company, Hindalco Industries, Bajaj Auto, Tata Steel and Larsen Toubro stood as the top gainers in the Nifty
index on Friday.
On the contrary, Dr
Reddy's Laboratories, Tech Mahindra, IndusInd Bank, Hero MotoCorp and Mahindra Mahindra stood as the top losers in the Nifty index.
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
