Bulls hold grip on stock market, Sensex, Nifty close in green

The Indian stock market recouped losses and ended higher on Friday. Nifty was above 24,300, supported by positive geopolitical developments. At close, the Sensex was up 504.86 points or 0.65 per cent at 78,493.54, and the Nifty was up 156.80 points or 0.65 per cent at 24,353.55.

The Nifty Midcap index added 1.2%, while the Smallcap index rose 1.5%. For the week, the BSE Sensex and Nifty added 1.2 per cent each.

Advertisement

Among sectors, all indices ended in the green, with FMCG, media, metal, oil & gas, power, capital goods, consumer durables, and energy rising 1-2%.

On the Nifty, gainers included HUL, Nestle, JSW Steel, Power Grid Corp and Apollo Hospitals, while laggards were Wipro, HDFC Life, Sun Pharma, L&T, and M&M.

Over 160 stocks touched their 52-week highs on the BSE. These included Lloyds Metals, Siemens, ABB India, Apar Industries, NLC India, Adani Energy, BHEL, Adani Power, Anand Rathi, Syrma SGS, Welspun Corp, Granules India, Aurobindo Pharma, SAIL, Tata Power, J&K Bank, and Gujarat Mineral, among others.

In today’s session, investors earned about Rs 5 lakh crore as the overall market capitalisation of BSE-listed firms rose to nearly Rs 466 lakh crore from Rs 461 lakh crore in the previous session.

Among the specific performers, Ola Electric Mobility also witnessed strong buying interest with the stock rising 5.5%. Wipro shares dropped 2.8% after its March quarter results.

Shares of Kalyan Jewellers India fell nearly 6%. Titan, which sells jewellery under the Tanishq brand, was also in the red as its shares were trading down 1.02%.

Rupee traded stronger at 93.24, up by 0.15%, supported by a softer dollar index hovering near 98.

Oil prices declined in early Asian trade on optimism that the West Asia conflict may be nearing a pause after a 10-day ceasefire.

Brent crude futures dropped $1.34, or 1.35%, to $98.05 a barrel at 0021 GMT, while US West Texas Intermediate crude declined $1.65, or 1.74%, to $93.40 a barrel.

Gold prices were largely steady, with spot gold price flat at 4,789.67 per ounce, but up 0.9% for the week. US gold futures for June were steady at $4,809.30. MCX gold rate for June futures contracts were trading 0.01% higher at ₹1,53,168 per 10 grams.