Indian shares began the day on a positive note on Friday, buoyed by encouraging U.S. labor market and GDP data that suggested a soft landing for the world’s largest economy.The benchmark S&P BSE Sensex rose by 258 points, or 0.3%, reaching 82,397. Meanwhile, the broader NSE Nifty index advanced by 88 points, or 0.4%, to stand at 25,239.Leading the gains, Bajaj FinServ, Asian Paints, Titan Company, BPCL, and Hero MotoCorp saw increases of 1-2%.In the sugar sector, stocks surged with Sakthi Sugars, Balrampur Chini, Shree Renuka Sugars, Bajaj Hindusthan, and Dwarikesh Sugar Industries rising between 6-9%. This followed government approval for sugar mills to produce ethanol from cane juice or syrup for the Ethanol Supply Year (ESY) 2024-25, starting November 1, 2024.Tata Steel gained 0.6% after acquiring 13,000 equity shares, representing a 26% stake, in TP Parivart, Tata Power Renewable Energy, for ₹1.3 lakh.Canara Bank increased by 1% post raising ₹3,000 crores through Tier-I bonds.On the downside, SpiceJet plummeted by 5.6% as the Directorate General of Civil Aviation (DGCA) placed the budget airline under enhanced surveillance due to its past record and a special audit conducted in August 2024.NBCC dropped 3.5% after selling its entire office and commercial inventory at WTC, Nauroji Nagar, New Delhi, and Downtown in Sarojini Nagar for ₹14,800 crore.The material has been provided by InstaForex Company – www.instaforex.com
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