India’s benchmark indices witnessed their best day in more than four months on Friday with heavyweights such as Reliance Industries, ICICI Bank, and Infosys leading the charge.
The Sensex rose 1,031 points, or 1.8 per cent, to end at 58,991, while the Nifty50 index settled at 17,360 after gaining 279 points, or 1.6 per cent —the biggest gains for the two indices since November 11. Domestic institutional investors were buyers to the tune of Rs 2,480 crore, while foreign investors poured in Rs 358 crore.