Sensex Today: Indian equity market settled near the highest that day on Friday when investors licked metal and shared, along with heavyweight indexes such as Reliance Industries, HDFC Twins, Sun Pharma, and Bajaj Finance.

S&P BSE Sensex jumped 712 points, or 1.25 percent, to end at 57,570, while the NIFTY50 -closed shop at 17,158, up 229 points or 1.35 percent. In a wider market, the BSE midcap and smallcap index are also added to more than 1 percent.

Sector, a good metal index rose 4 percent, followed by a good IT index (2 percent). Public sector banks are the only one that is inferior to a good PSB index down 1.2 percent.

Among the shares, the development of Westlife extends profits by up more than 6 percent. He reported the consolidated net profit of RS 23.57 Crore in Q1fy23 compared to the net loss of RS 33.39 Crore in the April-June quarter last year.

Dr. V K Vijayakumar, Head of Investment Strategy in Geojit Financial Services, said: “The market has ignored the technical recession in the US – GDP contracts for 2 consecutive quarters – and clamps more confidence in economic resilience as reflected in very low unemployment Very low 3.6 percent and the highest historical job vacancies. Also, the observation of Fed’s head yesterday showed that The Fed was likely to slow down the increase in interest rates after another big increase in September. In India, a big positive for the market is that FII reduces their sales substantially and even changes buyers for 8 days this month. The expected financial performance has been played well. Q1 results show an increase in prospects for this segment. Short bouncing in it can continue in the near future. If the ongoing market rally continues for some time, there is a market hazard that moves to the overbought area with the risk of vulnerability to correction. “

Global signal

Asian shares took their signal on Friday from a general meeting at Wall Street, because the market focused on the possibility of slowing down the rate of interest rates rather than the US recession after the data showed the economy shrinking for the second quarter in a row.

Tokyo shares opened higher on Friday, extending demonstrations at Wall Street, after US economic contractions triggered the hope of slowing down the increase in federal reserves. Benchmark Nikkei 225 Index rose 0.25 percent, or 68.16 points, at 27,883.64 in the initial trading, while the more extensive Topix index rose 0.02 percent, or 0.36 points, to 1,949.21.

US shares on Thursday gathered for the second day, with the three main indexes ending more than 1% because the data showing the second quarterly contraction in a successive in the economy triggered the speculation of Federal Reserve investors may not need to be as aggressive with an increase in interest rates such as some has been feared.