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By Shaista
The top gainers on the index were Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech M, Axis Bank, Kotak Bank, and TCS. The stocks increased by 3.5 percent to 6.5 percent.
The two Indian benchmark indices, the Sensex and Nifty, rallied dramatically on Friday, finishing in the green thanks to advances across all sectors.
The 30-share BSE Sensex rose 1,329 points (2.44 percent) to close at 55,859, after falling for seven straight days, while the wider NSE Nifty rose 410 points (2.53 percent) to settle at 16,658.
Following Wall Street's overnight lead, Asian stocks rose on Friday as US President Joe Biden threatened Russia with heavy measures in retaliation for its invasion on Ukraine.
Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech M, Axis Bank, Kotak Bank, and TCS were the top gainers on the Sensex platform. The stocks increased by 3.5 percent to 6.5 percent.
The NSE's 50-share index finished the day at 16,658 points, up 410 points. The index's only losers were Britannia, Nestle India, and HUL, which fell 0.5 percent, 0.2 percent, and 0.01 percent, respectively.
In the broader markets, the BSE's Midcap and Smallcap indices beat the benchmarks, finishing a little over 4% higher apiece.
A day after Russia's attack on Ukraine roiled investor attitudes, investors' wealth increased by more than Rs 7 lakh crore in the first hour of trading on Friday, as the broader market clawed back some of its lost ground.
The National Stock Exchange's 15 sector indices all ended the day in the green. Nifty Metal and Nifty PSU Bank both exceeded the index, climbing 5.74 percent and 4.69 percent, respectively, to surpass the index.
The Sensex had dropped 2,702 points (4.72%) to close at 54,530 on Thursday, while the Nifty had dropped 815 points to settle at 16,248.
During morning trade in London, the Stoxx 600 index was up roughly 0.7 percent, with major bourses and practically all sectors in the green.
On Friday, Asian stocks mainly gained, with Japan's Nikkei 225 index up about 2%. The Kospi in South Korea gained 1%, while the S&P/ASX 200 in Australia gained 0.1 percent.
In mainland China, the Shanghai composite rose 0.54 percent, while the Shenzhen component rose 1.08 percent. The Hang Seng index in Hong Kong fell 0.14 percent.
In early trade on Friday, the rupee regained 32 paise to 75.28, mirroring higher domestic stocks and Asian counterparts.
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