Markets rally for 6th day running on firm Asian peers

New Delhi: Equity benchmark indices climbed in early trade on Friday, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets.

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The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40.

From the Sensex basket, Tech Mahindra jumped over 12.50 percent after the IT services company's CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.

Tech Mahindra CEO Mohit Joshi said the company hopes to come back to growth in H2 FY25.

Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra and Nestle were among the laggards.

Wall Street ended lower on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,823.33 crore on Thursday, according to exchange data.

The BSE benchmark climbed 486.50 points or 0.66 percent to settle at 74,339.44 on Thursday. The NSE Nifty advanced 167.95 points or 0.75 percent to 22,570.35.

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