Sensex zooms 976 pts as financial stocks pump market mood

May 21, 2021 16:06

Equity benchmark Sensex skyrocketed 976 points on Friday, led by gains in index heavyweights HDFC twins, ICICI Bank and SBI as steady earnings reported by key financial stocks lifted investor sentiment.

The 30-share BSE index ended 975.62 points or 1.97 per cent higher at 50,540.48, and the broader NSE Nifty soared 269.25 points or 1.81 per cent to 15,175.30.

HDFC Bank was the top gainer in the Sensex pack, rallying over 4 per cent, followed by SBI which zoomed after the lender posted robust quarterly earnings. The country's largest lender reported an 80 per cent surge in standalone net profit at Rs 6.450.75 crore for the fourth quarter ended March 2021, aided by decline in bad loans. IndusInd Bank, ICICI Bank, Axis Bank and HDFC were also among the gainers. On the other hand, PowerGrid and Dr Reddy's were the laggards.

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