BSE's 30-share Sensex rose 1,098.02 points to 79,984.24 in early trade, rebounding from Thursday's decline. The NSE Nifty rose 270.35 points to 24,387.35.

Gensol Engineering's stock rose nearly 10 percent on Friday. Counter Rs. 968 and opened at Rs. 1036.90 on buying to touch a high of 1036.90 – the previous Rs. 942.65, up 9.98 percent from its close. The increase came as the company exchanged information at board meetings to discuss fundraising. The Board will also consider and approve the quarterly unaudited financial results of the Company for the quarter ended June 2024.

To consider and approve proposals to raise funds by issuing equity shares or any other eligible securities (“securities”), including but not limited to private placement, eligible institutional placement, preference issue or any other. Another Method,” Company.

Meanwhile, equity benchmark indices Sensex and Nifty rallied in early trade on Friday, tracking significant rallies in US and Asian markets with buying in blue-chip Tata Consultancy Services and Reliance Industries. BSE's 30-share Sensex rose 1,098.02 points to 79,984.24 in early trade, rebounding from Thursday's decline. The NSE Nifty rose 270.35 points to 24,387.35.

All 30 companies in the Sensex were trading in positive territory. Top gainers were Tata Motors, Tech Mahindra, Mahindra & Mahindra, HCL Technologies, Power Grid, NTPC, Tata Consultancy Services and Reliance Industries. In Asian markets, shares of Tokyo, Seoul, Shanghai and Hong Kong witnessed gains. US markets rose significantly on Thursday.

“Yesterday's sharp rebound in US markets suggests that recessionary fears were a bit overblown. The lower-than-expected new jobless claims show that the labor market is not loosening as many skeptics feared,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

Foreign institutional investors (FIIs) offloaded shares worth Rs 2,626.73 crore on Thursday, according to exchange data. Global oil benchmark Brent crude rose 0.14 percent to USD 79.27 a barrel.

The BSE benchmark fell 581.79 points, or 0.73 percent, to settle at 78,886.22 in choppy trade on Thursday. It fell 669.07 points, or 0.84 percent, to 78,798.94 during the day. After a breather for the day, the NSE Nifty settled down 180.50 points, or 0.74 per cent, at 24,117. It fell 217.8 points, or 0.89 percent, to 24,079.70 during the day.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)