Indian equity benchmarks ended the week on a high note, extending their gains for the second consecutive session on Friday, fueled by strong demand for automobile, bank, and consumer stocks. The surprise upward move was also supported by index heavyweight Reliance Industries (RIL).
The 30-share BSE Sensex rose 462 points, or 0.88 percent, to 52,728 today, while the broader NSE Nifty rose 143 points, or 0.92 percent, to 15,699. Both indices rose by the same amount yesterday. Mid- and small-cap stocks finished strongly, with the Nifty Midcap 100 falling 1.21 percent and small-cap stocks rising 1.31 percent.
14 of the NSE's 15 sector gauges closed in the green. Nifty Auto, Nifty Private Bank, Nifty Consumer Durables, and Nifty FMCG outperformed the platform, rising as much as 1.97%, 1.75 %, 1.56 %, and 1.24 %, respectively. The Nifty IT ended 0.9% lower.
M&M was the top Nifty gainer, rising 4.36 percent to Rs 1,072.50. Among the winners were Hero MotoCorp, IndusInd Bank, Bajaj Finance, and Hindustan Unilever.
On the BSE Sensex, top gainers were M&M, IndusInd Bank, Bajaj Finance, HUL, ICICI Bank, Bharti Airtel, Reliance Industries, Tata Steel, Nestle India, HDFC & HDFC Bank, UltraTech Cement, and Maruti. On the other hand, Tech Mahindra, Infosys, HCL Tech, TCS, Wipro, and Sun Pharma finished in the red.