The Sensex and Nifty ended the trade higher on Friday, led by gains in metals, financial services, and real estate stocks. At close, The BSE Sensex was up 217 points at about 49,167, and the Nifty ended at above 14,808. Asian stocks rose after US indexes rose on the back of positive economic results.
Tata Steel, Hindalco, JSW Steel, Adani Ports, HDFC, SBI Life Insurance, Mahindra and Mahindra, Bajaj Finserv, IOC, BPCL, NTPC, Bharti Airtel, Coal India, ITC, ONGC were the other prominent gainers in the Nifty.
Tata Steel is the top gainer, up 4 percent. Tata Consumer is the worst performer, down 5 percent. Seven Nifty laggards include Hero MotoCorp, Bajaj Auto, and Power Grid.
Most of the Nifty sectoral indices were bullish, with the Nifty Metal index leading the way with a 5 percent gain. The main contributors to the Sensex rally were HDFC twins and Bharti Airtel
Driven with liquidity, the stock market looked past a record daily rise in domestic covid cases of 414,188 which took the total tally to 21.49 million. Several states have entered lockdowns to curb the spread, which has led economists to cut growth expectations for Asia's third-largest economy.
MCX Commodity Watch: Crude oil futures dip on weak spot demand, Stock rise
Second wave of Covid-19 poses Economic risk in First-Quarter FY22: Finance Ministry
Tata Motors hikes passenger vehicle prices, protection for customers booked vehicles before 7th May