Benchmark equity indices Sensex and Nifty rallied over 1% on Friday, led by strong buying in banking and financial stocks amid positive global cues and easing concerns around the Middle East situation.The 30-share BSE Sensex surged 918.60 points or 1.20% to settle at 77,550.25, after hitting an intra-day high of 77,622.50. The NSE Nifty climbed 275.50 points or 1.16% to close at 24,050.60.Markets remained in positive territory throughout the session, supported by gains in banking, auto and financial counters, while IT stocks saw some profit booking following TCS’ financial results.
Nifty50 top gainers
- Asian Paints (4.02%)
- Kwality Wall’s (3.81%)
- ICICI Bank (3.17%)
- M&M (2.94%)
- SBI (2.48%)
- Axis Bank (2.45%)
- InterGlobe (2.37%)
- Bajaj Finance (2.36%)
- Bajaj Finserv (2.35%)
- Adani Ports SEZ (1.93%)
Nifty50 top losers
- Sun Pharma (-3.63%)
- Infosys (-2.94%)
- TCS (-2.50%)
- Tech Mahindra (-1.47%)
- HCL Tech (-0.94%)
BSE Sensex top gainers
- Asian Paints (4.02%)
- Eicher Motors (3.87%)
- Kwality Wall’s (3.81%)
- ICICI Bank (3.17%)
- Shriram Finance (3.14%)
- Bajaj Auto (3.12%)
- M&M (2.94%)
- Tata Motors PV (2.81%)
- SBI (2.48%)
- Axis Bank (2.45%)
BSE Sensex top losers
- Coal India (-4.41%)
- Sun Pharma (-3.63%)
- Infosys (-2.94%)
- TCS (-2.50%)
- Tech Mahindra (-1.47%)
- HCL Tech (-0.94%)
- ONGC (-0.73%)
- Max Healthcare (-0.17%)
Investor sentiment improved on hopes of easing tensions in West Asia ahead of US-Iran negotiations and relatively lower crude oil prices, analysts said.“Indian equity markets closed the week’s final session on a positive note, with the Nifty experiencing a range-bound session with a bullish bias, gaining over 1 per cent as investors carefully priced in expectations of progress from the upcoming US-Iran negotiations, even as the ceasefire continued to remain uncertain. However, markets maintained a firm undertone,” Ponmudi R, CEO of Enrich Money, said.He added that global markets reflected a similar positive sentiment, with US, European and Asian indices trading higher, led by gains in Asian markets.Brent crude, the global oil benchmark, rose 0.57% to USD 96.47 per barrel.Foreign Institutional Investors (FIIs) sold equities worth Rs 1,711.19 crore on Thursday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 955.90 crore, according to exchange data.