Sensex climbs 632-pts, Nifty above 16,350, IT stocks lead

In a bullish global trend, Indian equities indexes ended the week on a positive note on weekended  Friday, registering gains for the second straight session. Asian stocks surged in lockstep with Wall Street's overnight rally, fueled by upbeat bullish retail earnings forecasts in the US.

The domestic indices continued to rise, boosted by IT, banking, and auto stocks. The 30-share BSE Sensex rose 632 points, or 1.17 percent, to 54,885, while the wider NSE Nifty gained 182 points, or 1.13 percent, to 16,352.

The NSE's 15 sector gauges all ended the day in the green. The Nifty IT, Nifty Private Bank, and Nifty Auto sub-indices all outpaced the platform, advancing 2.54%, 1.84 percent, and 1.56 percent, respectively.

The highest Nifty gainer was Apollo Hospitals, which rose 5.11 percent to 3,850. Among the NIfty gainers were Tech Mahindra, HDFC Life, IndusInd Bank, and Wipro.

Tech Mahindra, IndusInd Bank, Wipro, Bajaj Finance, Infosys, Bajaj Finserv, L&T, HCL Tech, Hindustan Unilever, Kotak Mahindra Bank, HDFC, and M&M were among the leading gainers on the 30-share BSE index. On the other side, NTPC, Bharti Airtel, PowerGrid, Tata Steel, Reliance Industries, Asian Paints, and Nestle India, were all in the red.

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