India’s benchmark equity indices staged a strong rally on Friday, shrugging off a sharp downturn across global markets as robust corporate earnings, a surge in information technology stocks and improving investor sentiment lifted domestic equities. The BSE Sensex climbed more than 1,000 points during intraday trade to move above the 78,000 mark. At the close, the BSE Sensex surged 964.58 points, or 1.25 per cent, to close at 78,151.45, while the NSE Nifty 50 advanced 261.55 points, or 1.09 per cent, to settle at 24,334.30. The strong rally was driven by broad-based buying across sectors, lifting investor sentiment and helping both benchmark indices end the session firmly in the green.
