Sector-Wise Surge Witnessed In The Indian Market

The BSE Sensex closed 1,548 points higher at 59,595.85 on Friday, notching a 2.65 per cent gain in the last fortnight. With this surge, the Indian market approached the five-month high hit on September 15 and continued to outperform other major Asian bourses. The Nifty also attained stellar returns of 475 points or 2.74 per cent and closed at the 17,786.80 mark. The week’s decline in US government yields and the rupee’s recovery helped riskier shares in India’s dominant auto manufacturing sector, with Maruti Suzuki rising 5 per cent.