Sensex Finishes Higher
India’s BSE Sensex closed about 0.4% at 74,459.5 on Friday, extending prior session's advance, as resilient corporate earnings and tech strength helped offset pressure from higher oil prices and foreing fund outflows. Trent climbed 5.2% and led gains, after the company delivered a 25% increase in net profit. IndiGo surged 4.6% even as India's largest airline posted a third straight quarterly loss, with stronger revenue and higher fares helping to cushion the impact of rising costs. Sun Pharma shares advanced over 2%, extending gains for a fourth day, after securing US FDA approval for ILUMYA to treat adults with active psoriatic arthritis, even as the company reported a drop in second-quarter profit.
India’s BSE Sensex closed about 0.4% at 74,459.5 on Friday, extending prior session's advance, as resilient corporate earnings and tech strength helped offset pressure from higher oil prices and foreing fund outflows. Trent climbed 5.2% and led gains, after the company delivered a 25% increase in net profit. IndiGo surged 4.6% even as India's largest airline posted a third straight quarterly loss, with stronger revenue and higher fares helping to cushion the impact of rising costs.
Sun Pharma shares advanced over 2%, extending gains for a fourth day, after securing US FDA approval for ILUMYA to treat adults with active psoriatic arthritis, even as the company reported a drop in second-quarter profit.