The stock market ended near the day’s high, with Nifty reclaiming the 24,900 level. The response of the market came on a broad-based rally in metal, financial, and consumer durable shares, closing higher on a weekly basis as well.
The market witnessed strong buying in metal stocks such as Tata Steel, Hindalco, and JSW Steel. PSU banks and private banks like Kotak Mahindra Bank and Axis Bank also contributed to the market’s rebound throughout the day.
At close, the Sensex was up 223.86 points or 0.28% at 81,207.17, and the Nifty was up 57.95 points or 0.23% at 24,894.25.
The BSE midcap index was up 0.8% and the smallcap index added 1%.
Among the sectors, all indices closed in the green with the exception of the Nifty Auto, Nifty Realty, and Nifty Healthcare indices. The Nifty Metal index led the gains, rising by 1.82%, followed by the Nifty Consumer Durables, which increased by 1.09%, and the Nifty PSU Bank, which saw a gain of 1.12%.
Bank Nifty index recovered sharply, climbing 400 points from the day’s low to trade above the 55,550 level. The recovery was led by gains in private lenders Axis Bank, Kotak Mahindra Bank, among others.
The rebound came after initial profit-booking in the early trade after a massive move post-RBI monetary policy on October 1.
On Nifty50, around 26 stocks ended higher with the top gainers being Tata Steel up by 3.45%, Power Grid Corporation of India up by 2.85%, and Kotak Mahindra Bank up by 2.17%.
While the shares of Max Healthcare Institute were down by 3.88%, Tech Mahindra dropped 1.27%, and Eicher Motors declined 1.23% ending as the top losers.
Out of 4,343 stocks traded on the BSE, 2,710 advanced, while 1,490 declined. Some 143 stocks remained unchanged.
V-Mart Retail share price jumped over 12% on Friday, after the company reported a strong provisional business update for the second quarter of FY26.
In the metal stocks, National Aluminium, Tata Steel, Jindal Stainless, Hindalco Industries, and Vedanta were among the key metal stocks that continued to edge higher.