Indian domestic equities traded firmly higher on Friday afternoon, strongly supported by a major rally in information technology shares and positive global cues. While early morning gains were slightly pared by profit booking in banking and select industrial stocks, the broader momentum remained highly positive.
Indian equity markets witnessed a strong rally on June 24, with the BSE Sensex jumping more than 500 points and the NSE Nifty approaching the crucial 23,950 mark. Positive global cues, easing crude oil prices and strong buying in key sectors helped lift investor sentiment.
