Indian stock markets ended Friday on a strong note, with benchmark indices posting solid gains amid positive global cues and improved investor sentiment.
The BSE Sensex jumped 505 points to close at 78,493.54, while the NSE Nifty50 advanced 157 points to settle above the 24,350 mark at 24,353.55. The rally marked another positive session for domestic equities.
Markets remained in the green through most of the day as investors reacted positively to easing geopolitical concerns and softer crude oil prices. Lower oil prices are seen as beneficial for India, as the country depends heavily on imports to meet its energy needs.
Supportive global cues also helped sentiment. Stable overseas markets and a calmer risk environment encouraged buying across several sectors.
Among the top gainers were Hindustan Unilever (HUL), Power Grid, and Reliance Industries, which provided strong support to the benchmark indices. Buying interest was also seen in select FMCG, banking, and utility stocks.
On the other hand, Infosys, Wipro, and Tata Motors were among the notable losers of the day, with some profit booking visible in IT and auto shares.
Broader markets also joined the rally, with mid-cap and small-cap stocks ending higher, reflecting wider participation from retail and institutional investors.
Analysts said improving global sentiment, a stronger rupee, and easing crude prices helped lift market confidence. Continued buying by investors in defensive and large-cap stocks also added strength to the move.
They added that while the trend remains positive, markets could remain volatile in the coming sessions as investors track global developments, quarterly earnings, and commodity prices.
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