Indian equity markets closed the session on a higher note for the fourth consecutive session, and this is the second week markets have closed in the green.
The Nifty 50 closed the session 88.80 points or 0.35% higher at 25,638, the Sensex jumped 300 points or 0.36% to end above 84,000 for the first time after October 01, 2024.
In line with the overall bullish market sentiments, the Nifty Bank advanced 237 points or 0.41% to end at 57,444.
The BSE Midcap rose over 178 points or 0.38% to 46,541.25. On the other hand, the BSE Smallcap remained steady, surging 288.83 points or 0.54% to 54,249.40
“Key catalysts like the ceasefire in the Middle East and optimism on easing trade tensions ahead of the deadline have cleared the clouds in the minds of investors. After consecutive days of selling, FIIs have turned net buyers in the domestic market, contributing to improved market stability in the near term. Moreover, benign oil prices and a strengthening INR influenced investors to focus on domestic growth themes. Expectations of accelerating earnings, driven by resilient consumption and a relatively stable macroeconomic backdrop, are further reinforcing optimism,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Friday’s session on a positive note. During the session, out of 2,986 trading stocks, 1,681 advanced, while 1,229 declined, and 76 remained unchanged. Today, 86 stocks hit a fresh 52-week high. Meanwhile, 24 stocks touched a new 52-week low.
Top gainers
Jio Financial Services was the top gainer in the Nifty 50 in Friday’s session, closing 3.87% higher. It was followed by Asian Paints, Apollo Hospitals, IndusInd Bank, and UltraTech Cement.
Top losers
Meanwhile, the shares of Tata Consumer Products were the biggest losers in today’s trade. It was followed by Dr Reddy’s Lab, Wipro, SBI Life Insurance, Axis Bank, and many others.
This is a developing story, more details are being added. Please watch the space for updates.
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