Sensex Surges 386 Points, Nifty Closes At 10,714

INSUBCONTINENT EXCLUSIVE:
GAIL, the top percentage gainer on the NSE index, jumped more than 6 per cent.Snapping two-day losing streak, domestic stock markets closed
Friday's session on a positive note
The SP BSE Sensex surged 385.84 points, or 1.10 per cent, to close at 35,423.48
The NSE's Nifty50 index rose 125.20 points or 1.18 per cent and settled at 10,714.30
Domestic equity indices bounced back on Friday on strong foothold led by energy and financial stocks
July derivatives contracts started on a strong note amid recovery in the Indian rupee from its record closing low of 68.79 on Thursday
against the US dollar.The top gainers on the Sensex pack were Tata Steel, Adani Ports, Yes Bank, Reliance, ONGC and Larsen Tourbo, rising
between 2.64 per cent to 3.46 per cent
Whereas HeroMotoCorp, Mahindra Mahindra, Induslnd Bank, HDFC Bank, Asian Paints and Sun Pharma were the major losers, ending with losses
between 0.35 per cent to 1.45 per cent.On the NSE, GAIL, Titan, Hindalco, Bajaj Auto and Tata Steel were leading the pack, rising between
Industries Ltd rising as much as 3 per cent on BSE Sensex
with a shift in sectoral funds have helped the pharma and information technology stocks shrug off the weakness in the broader markets in
June.GAIL, the top percentage gainer on the NSE index, jumped more than 6 per cent
Shares of Tata Steel Ltd rose around 4 per cent on both indexes after key labour representatives of Thyssenkrupp on Thursday signalled their
support for a planned joint venture with the Tata Group-owned steelmaker.However, on weekly basis, both the benchmarks ended lower reversing
five straight weeks of gains
The Sensex registered a fall of 266.12 points, or 0.75 per cent, while the Nifty shed 107.55 points, or 0.99 per cent during the period
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore, while foreign portfolio investors (FPIs) sold