Markets surge on blue-chip buying; Sensex jumps 965 pts
India, July 18 -- Market benchmark indices ended sharply higher on Friday, with the Sensex climbing 964.58 points and the Nifty reaching the 24,330 level, propelled by buying in blue-chip Reliance Industries, bank and IT stocks.
Additionally, a strengthening rupee against the US dollar improved sentiment, even as the broader market remained predominantly negative due to weak global cues, traders said.
After a subdued ending in the previous trade, the 30-share BSE Sensex bounced back 964.58 points, or 1.25 per cent, to settle at 78,151.45. During the day, it surged 1,095.68 points, or 1.41 per cent, to 78,282.55.
The 50-share NSE Nifty climbed 261.55 points, or 1.09 per cent, to end at 24,334.30.
"There is a shift in market momentum, w...
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