Indian stock markets on Friday ended with strong buying as the Nifty climbed above the 23,600 mark and the Sensex gained over 1,600 points. The market’s gains were aided by easing crude oil prices, a stronger rupee and positive global cues.
At close, the Sensex was up 1,695.40 points, or 2.30 per cent, at 75,527.95, while the Nifty was up 461.30 points, or 1.99 per cent, at 23,622.90.
The Indian rupee ended 64 paise higher at 95.11 against the US dollar on Friday, compared with its previous close of 95.75.
The market capitalisation of all listed stocks increased by Rs 9.71 lakh crore as the mcap was increased to Rs 462.05 lakh crore from Rs 452.33 lakh crore.
Among sectors, all the indices ended positively. On the gaining end were Consumer durables, realty, telecom, banking, auto, media, oil & gas and metal indices.
Nifty Financial Services rallied 3.15%, Nifty Bank added 2.97%, Nifty PSU Bank rose 2.71%, and Nifty Private Bank added 2.84%. Further, Realty gained 3.5%, Consumer durables, oil & gas and auto also gained 2% or more today.
Nearly 100 stocks touched their 52-week high on the BSE, including IFCI, Apar Industries, Aegis Logistics, Sai Life Sciences, Bank of Maharashtra, Caplin Labs, Federal Bank,
On the Nifty, 31 out of 50 stocks closed in the green. Shriram Finance was the top gainer, followed by Bajaj Finance, L&T, IndiGo, Tata Motors PV and Titan. Those 11 emerging as losers were Nestle India, ONGC, Tech Mahindra, SBI Life and Tata Consumer among others.
Among the individual stocks, ESAF Small Finance Bank gained 7 per cent, and Bosch India advanced 4 per cent.
In the real estate sector, the key gainers were Prestige Estates Projects, Brigade Enterprises, Godrej Properties, DLF, Sobha, and Anant Raj, advancing up to 5%.