The Indian stock market ended on Friday with a robust memo, extending its winning streak. BSE Sensex surged by 557.45 points or 0.73 percent to close at 76,905.51, while the NSE Nifty 50 reached 23,350.40 with 159.75 points or 0.69 percent. The Nifty 50 has successfully achieved a resistance level of 23,300, led by banks, oil and gas and pharmaceutical stocks.
Despite initially careful trading due to global market volatility and trade tensions, the index maintained its upward trajectory, supported by strong domestic consumption themes.
Top Gains
NTPC Ltd led profits, surged 2.78% to £351.15, supported by increased demand in the energy sector. Bajaj Finance continued closely, rising 2.75% to £8,918.60, supported by strong institutional purchases.
Kotak Mahindra Bank has risen 2.41% to £2,084.40 amid renewed optimism in bank stocks. Axis Bank went 2.13% to settle at 1,075.90 pounds, but Nestleland India closed out Top Gaines, rising 2.03% to 2,266.45 pounds.
Top loser
Among the laguards, Infosys dropped 1.34% to 1,592.60 pounds, tracking weaknesses in the IT sector. Tata Steel slipped 1.10% to £157.25 as profit booking hit the metals sector.
Mahindra & Mahindra (M&M) fell 1.08% to £2,799.30, while Titan fell 0.91% to £3,163.60. Bajaj Finserv finished at 1,839.65 pounds, seeing a slight drop of 0.63%.
The strong market momentum was driven by the profits of bank and energy stocks, while IT and metal stocks made profits. The Nifty Bank Index rose 1.02%, while the NIFTY Oil & Gas Index rose 1.45%.
