Indian Stock Market Bounces Back After NDA's Landslide Victory in Bihar Elections
AI Summary1 min read
TL;DR
Indian stock markets rose on Friday, buoyed by the NDA's Bihar election win, with the Nifty and Sensex both up 0.1% and weekly gains of 1.6% despite weak global cues.
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Indian stock marketNDA victoryBihar electionsNiftySensex
India's stock market rebounded on Friday, driven by optimism over the NDA's landslide victory in Bihar state elections. The NSE Nifty finished at 25,910.05, up 0.1%, while the BSE Sensex ended at 84,562.78, up 0.1%. Despite weak global cues, Indian markets posted weekly gains of 1.6%, with sectoral indices such as Nifty PSU Bank and Nifty FMCG gaining 1.2% and 0.6% respectively. Foreign portfolio investors sold shares worth a net ₹4,968.22 crore on Friday.
