Nifty, Sensex gain over 1% on strong earnings optimism, easing oil prices and IT buying
Mumbai, July 10 -- Indian benchmark equity indices ended Friday's session with gains of more than 1 per cent, supported by optimism over the upcoming first-quarter earnings season, easing crude oil prices, strong buying in information technology stocks and improved foreign investor sentiment.
The NSE Nifty 50 closed at 24,206.90, up 244.10 points or 1.02 per cent, while the BSE Sensex settled at 77,569.39, gaining 827.57 points or 1.08 per cent.
According to Vinod Nair, Head of Research at Geojit Investments, the market is showing signs of a strong recovery after a brief correction.
"After a brief interim correction, the market appears to be on track for a strong recovery. Positive business updates from banks, along with a constructive...
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