Sensex up 250 pts, Nifty above 19,450; Zomato jumps 13%

Domestic markets inched up in Friday’s intra-day trade, supported by gains across index heavyweights Tata Consultancy Services, Infosys, ITC, Axis Bank, and Asian Paints.

Benchmark indices the S&P BSE Sensex climbed over 200 points to trade around 65,454 levels, while Nifty50 rose over 50 points to trade above 19,450 levels.

Broader markets, too, exhibited strength as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 per cent.

All sectors swimmed in the sea of green, with Nifty Metal, Nifty Auto, and Nifty Consumer Durables rising up to 0.8 per cent.

Among individual stocks, shares of Zomato soared 14 per cent to hit a 18-month high after the company turned profitable for the first-time ever in the first quarter of 2023-24 (Q1FY24). READ MORE

Besides, shares of Dabur surged 7 per cent after the management sounded optismistic on near term growth and margin outlook amid improvement in rural sales in Q1FY24.