Indian benchmark indices Sensex and Nifty opened sharply higher on Friday, July 10, with gains of over 1%, supported by strong IT earnings, positive global market sentiment, easing crude oil prices and improved investor confidence.
Kalyan Jewellers India Ltd witnessed a sharp rally in its share price on Thursday, climbing more than 15% during intraday trading after global brokerage Citi upgraded the stock to a "Buy" rating. The brokerage also set a target price of Rs 750 per share, indicating a potential upside of nearly 97% from the stock's opening level.
