April 11, 2026 03:29 am (IST)
Follow us:
Indian benchmark indices rally on Friday to halt its three-week losing spree
Mumbai, Jan 29 (IBNS): Indian benchmark indices ended 1% up as the market closed on Friday, with the Sensex touching 4870.69 (up 401.12 points) and Nifty touching 7,563 (up 138.90 points), largely due to a rebound in commodity prices and firm global cues, thus halting its three-week losing streak.
Earlier on Friday, the Bank of Japan (BoJ) pushed to adopt negative interest rates to stimulate the Japanese economy, which fuelled the global risk appetite for equities; Asian markets gained between 1% and 3%.
Global oil prices trading above $34 a barrel and heading towards their second weekly gain also boosted market sentiments.
Sentiments in the Indian market improved further after the latest government report revealed that India’s fiscal deficit stood at Rs 4.88 lakh crore during April-December, or 87.9% of the full-year target, indicating an improvement in its finances.
The deficit was 100.2% of the full-year target during the same period a year ago.
Yes Bank's shares surged 11.2% afte rit reported a better-than-expected 25% increase in quarterly profit.
Other leading gainers on Friday were Reliance Industries, Housing Development Finance Corp., Infosys, Vedanta,Larsen & Toubro, Sun Pharma, Hero MotoCorp and Coal India.
The losers included ICICI Bank, Maruti Suzuki, Bank of Baroda, State Bank of India, Tata Steel and Bharti Airtel.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Nissan Motor India marks major network expansion with 54 new customer touchpoints in Q1 of CY 2026
Fri, Apr 10 2026
Groww shares climb 5%, extend rally for third session
Fri, Apr 10 2026
From Oracle layoffs in the US to an India comeback: Couple’s emotional story goes viral
Fri, Apr 10 2026
South Asia remains fastest-growing region; India continues as growth engine: World Bank
Thu, Apr 09 2026
AI impact: Dell cuts 11,000 jobs in strategic workforce trim
Thu, Apr 09 2026
TCS gains ahead of Q4 earnings; street eyes growth signals
Thu, Apr 09 2026
Meesho shares soar 14% — stock now 55% above IPO price!
Thu, Apr 09 2026