Share market HIGHLIGHTS: The domestic stock markets posted a robust rally on Friday, with the Sensex closing 579 points higher, and Nifty closing above the 10,500-mark. The Sensex moved past the 35,000-mark buoyed by a strong rally in the shares of auto and financial stocks. Maruti Suzuki emerged as the top gainer in the index, with shares zooming 6.6% to hit an intra-day high of Rs 7,159. The overall sentiment in the markets was upbeat on the back of a fall in global crude prices and a rising rupee. Rupee gained more than 70 paise to race past 73 mark for the first time in over 1 month, while the brent crude oil price fell to a fresh 7-month low.
Earlier, the stock markets opened higher, tracking positive global cues such as gains in Asian peers and easing global trade war worries between China and the United States. The SGX Nifty was up 0.8% to 10,503, indicating a positive start for Sensex and Nifty.
Asian equity markets rose after China and the United States expressed optimism about resolving their bruising trade war, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.46 percent, adding to the previous session’s strong gains. The improved mood in early Asian trade followed a rise in U.S. shares overnight, with the Dow Jones Industrial Average and the S&P 500 each gaining 1.06 percent while the Nasdaq Composite rallied 1.75 percent, said the Reuters report. We bring to you key highlights from today’s trade.