On the BSE, market breadth stood firm with 2,643 shares gaining while 726 stocks declined.
New Delhi: Indian stock indexes rallied on Friday, ending higher after falling for seven straight sessions, led by gains across all sectors. Benchmark BSE Sensex rose 1,329 points, or 2.44%, to close at 55,859; while the broader NSE Nifty jumped 410 points or 2.53% higher to hit 16,658. Both indexes fell sharply in the previous session, marking their worst loss in more than a year.
Investor sentiment turned bullish on global markets as US President Joe Biden hit back at Russia with harsh sanctions after it attacked Ukraine.
Investors’ assets rose to 7.76 lakh crore in a strong rise on Dalal Street today, with the market capitalization (m-cap) of BSE-listed companies rising to 250 Rs lakh crore from Rs 242.24 on Thursday.
Mid- and small-cap stocks ended up positive as the Nifty Midcap 100 index fell 4.18% and small-cap stocks fell 4.84%.
All 15 industry measures – compiled by the National Stock Exchange – are shown in green. Nifty Metal and Nifty PSU Bank outperformed the index, gaining 5.74% and 4.69%, respectively.
In terms of specific shares, Coal India is the top gainer Nifty stock as the stock is up 8.87% to Rs 163.30. Tata Motors, Tata Steel, Adani Ports and IndusInd Bank were also among the gainers.
On the BSE, market breadth stood firm with 2,643 shares gaining while 726 stocks declined.
Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech Mahindra and Kotak Mahindra Bank are among the big gainers on the 30-stock BSE index. In contrast, Nestle India is in the red.
