Bulls back on Dalal Street, stocks rise for 6th straight session

Story by  ATV | Posted by  Nakul Shivani • 1 Years ago
Sensex and Nifty have risen for the sixth straight trading session
Sensex and Nifty have risen for the sixth straight trading session

 

New Delhi

After recent sharp volatility in financial markets, bullishness seemed to have returned to Dalal Street as Indian stock indices rose for the sixth consecutive session on Friday.

The latest decline in crude oil prices coupled with signs of domestic inflation plateauing has somewhat lent support to the domestic indices in the past few sessions

Sensex traded at 55,966.99 points, up 285.04 points or 0.51 per cent, whereas Nifty traded at 16,694.05 points, up 88.80 points or 0.53 per cent in early morning trade.

A majority of the Nifty 50 stocks were in the positive territory. All Nifty sectoral indices too were in the green in this morning.

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After the recent losses, the Nifty and Sensex has risen over 4 per cent each this week.