The Indian stock market ended Friday in green as Sensex and Nifty rallied strongly. Sensex gained 759.05 points or 0.96%, closing at 79,802.79. Nifty rose 216.95 points or 0.91%, ending at 24,131.10. Positive investor sentiment and stock-specific activity boosted the indices.
Pharma, healthcare, commodities, infrastructure, media, energy, and auto sectors led the rally. PSU banks and realty sectors were the only major laggards.
In the Sensex pack, Bharti Airtel, Sun Pharma, M&M, UltraTech Cement, Adani Ports, L&T, JSW Steel, HUL, and Titan gained the most. Power Grid, Nestle India, SBI, and Infosys recorded losses.
Nifty Bank added 148.75 points or 0.29% to close at 52,055.60. Nifty Midcap 100 rose 91.90 points or 0.16%, ending at 56,392.65. Nifty Smallcap 100 climbed 139.40 points or 0.75%, closing at 18,650.95.
Experts attributed the rally to a large-cap-driven rebound, supported by strong festive demand in discretionary sectors. Pharma and healthcare stocks gained after better earnings and lower valuations.
On the BSE, 2,334 stocks rose, 1,608 declined, and 127 stayed unchanged. Global sentiment remained weak due to Japan’s inflation and yen appreciation.
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