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Indian stock indices closed higher in volatile trading on Friday with the Sensex crossing 53,000-mark in intraday, helped by gains in banks and financial stocks. The broader Nifty 50 index closed 0.2% higher to 15,856.05, while the benchmark Sensex ended 0.26% to 52,975.80.
Bank index BSE BANKEX rose 1.2% to 39,832.64. Top gainers in banking stocks were ICICI Bank (3.19%), SBI (1.75%), Federal Bank (1.36%) and Axis Bank (1.16%)
Zomato had a strong stock market debut and closed 65.79% higher than its issue price at Rs 126. Zomato shares hit 20% upper circuit at Rs 138, from its listing price of Rs 115. In volume terms, 451 lakh shares were traded on BSE, while 69.48 crore shares were traded on NSE.
The rupee gained 7 paise to Rs 74.40 against the U.S. dollar on Friday.
Spot gold fell 0.2% to $1,803.66 an ounce.
Earnings
Biocon: The biotechnology firm’s consolidated net profit fell 35.39% to Rs 108.4 crore for Apr-Jun quarter of FY22, from Rs 167.8 crore in the corresponding quarter of previous year. The company’s revenue rose 5.6% to Rs 1808 crore, from Rs 1712 crore in the year-ago period.