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Sensex rises 315 points, Nifty closes above 23,100 as market recovers some losses a day after crash. What lies ahead?

Economic Times Markets
Sensex rises 315 points, Nifty closes above 23,100 as market recovers some losses a day after crash. What lies ahead?
Economic Times Markets

On Friday, the Indian stock market made a comeback, with Sensex rising by 315 points to close at 73,896 and Nifty gaining 77 points to reach 23,140.50. Axis Bank took the lead with a notable increase of about 3%, while Trent and Infosys saw declines. Despite persistent concerns regarding inflation and global yields, the market's ability to remain above 23,000 suggests underlying strength in local support.

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J Infratech files IPO papers; eyes Rs 600 cr via fresh issue

J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an offer for sale by its promoters. The Haryana-based firm, established in 2005, focuses on infrastructure projects such as roads and bridges. Proceeds from the IPO will support working capital and repay borrowings, among other corporate purposes.

Source: Economic Times Markets

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