Indian market indices increased their gains for the third straight day on Friday weekend,  with robust buying demand in metal and technology stocks as a major contributor. Index heavyweight Reliance Industries and other energy and consumer firms helped domestic indices as well.

The Federal Reserve increased interest rates by 75 basis points, but Jerome Powell, the Fed's head, gave no indication of the amount of the subsequent rate increase and said that "at some time" it would be wise to slow down.

The NSE Nifty advanced 229 points or 1.35 percent to close at 17,158, while the 30-share BSE Sensex rose 712 points or 1.25 percent to conclude at 57,570. The Nifty Midcap 100 increased 1.42 percent, and small-cap shares increased 1.70 percent, as mid- and small-cap equities ended the day well.

The NSE sector gauges all ended up in the green. The NSE platform was outperformed by the sub-indices Nifty Metal, Nifty IT, Nifty Oil & Gas, and Nifty Consumer Durables, which saw increases of up to 3.86%, 1.71%, 2.18%, and 1.75%, respectively.

SBI Life, a private sector life insurer, reported an 18% increase in net income, or Rs. 263 crore, in the April-June quarter. As a result, the stock rocketed 8.61 percent to 1,294, making it the top Nifty gainer. Among the winners were Tata Steel, Hindalco, Sun Pharma, and Coal India.

Positive market breadth was observed overall, with 2,101 shares on the BSE rising and 1,225 falling.
Tata Steel, Sun Pharmaceutical, Bajaj Finserv, IndusInd Bank, Asian Paints, Infosys, Reliance Industries, Bajaj Finance, Wipro, HDFC, NTPC, and Bharti Airtel were among the top gainers on the 30-share BSE index, with their shares rising as much as 7.27%. However, the results were negative only for Dr. Reddy's, Kotak Mahindra Bank, SBI, ITC, and Axis Bank.

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