Indian stock indices rise for third straight day

Jul 08, 2022

New Delhi, July 08 (ANI): Indian stock indices extended their gains for the third consecutive session on Friday, supported by the latest slump in global crude oil prices on concerns of a potential recession in various economies. Barring Nifty metal, PSU Bank, and realty, the rest of the 12 sectoral indices were in the green, National Stock Exchange data showed. At 9.55 a.m., Sensex was at 54,478.05 points, up 295.50 points, or 0.55 per cent, whereas Nifty was at 16,210.30 points, up 77.40 points or 0.48 per cent. Among the individual stocks, L&T, Coal India, Axis Bank, Grasim Industries, and Ultratech Cement were the top five gainers among the Nifty 50 companies, while Tata Steel, Maruti, JSW Steel, Asian Paints, and Eicher Motors were the top five losers. Stocks in Asian markets caught a modest tailwind on Friday from a US rally, sparked by hopes that policymakers can get inflation under control without causing a global economic downturn, said Deepak Jasani, Head of Retail Research,