Nifty ends longest weekly losing streak in 25 years: What should one expect next week? Check key trading levels
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex and Nifty rebounded on Friday, snapping their longest weekly losing streak in 25 years.
- ✓The Nifty climbed 288.65 points to close at 22,520.45.
- ✓IT stocks led the gains after TCS reported strong earnings.
Story at a Glance
- Category
- MARKET
- Reported By
- Moneycontrol
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The equity benchmark indices Sensex and Nifty rebounded on Friday, snapping their longest weekly losing streak in 25 years, led by information technology stocks after Tata Consultancy Services (TCS) reported quarterly earnings that highlighted growing revenue contributions from artificial intelligence and strong international business growth.
The Sensex jumped 879.09 points, or 1.23 percent to settle at 72,472.33. During the day, it surged 1,075.96 points, or 1.5 percent to 72,669.20.
The Nifty climbed 288.65 points, or 1.3 percent to close at 22,520.45.
For the week, the Nifty 50 and Sensex gained 0.4 percent and 0.8 percent, respectively. Both indices had declined over the preceding eight weeks, with the Nifty falling 8.7 percent and the Sensex losing 8.4 percent.
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