Sensex rises 700 pts, Nifty eyes 24,000; TCS falls 3%, Ola zooms 9%

The Nifty50 and the Sensex rose, mirroring similar moves in the Asia-Pacific region, while traders remained focused on the US-Iran tensions.

The Nifty50 was trading 0.89 per cent or 212.25 points higher at 23,987.35, and the Sensex was trading 0.91 per cent or 701.16 points higher at 77,332.81.

Asian Pians, Shriram Finance, Eicher Motors, and ICICI Bank shares were the top gainers in the Nifty50 index.

In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 1.08 per cent and 1.57 per cent higher, respectively.

Sector-wise, the Nifty Financial Services-Ex Bank was the top gainer. The Nifty PSU Bank and the Nifty Media also outperformed. The Nifty IT was the worst hit among sectoral indices.

Brent crude rose on Friday morning as attacks on Saudi energy infrastructure weighed on investors’ minds, along with a fragile ceasefire between the US and Iran. The April contract was trading 0.58 per cent higher at $96.44 per barrel.

The Gold and Silver futures were trading 0.71 per cent and 1.12 per cent down, respectively.

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