Sensex, Nifty log best week in over 2 months, led by energy, banking stocks
The BSE Sensex gained 333 points or 0.50% to end at 66,599, while Nifty50 rose 93 points or 0.47% to closed at 19,820 in Friday's trade.
This week, the 30-share benchmark index advanced 1,211 points or 1.85% to settle at 66,599. The broader NSE Nifty rose 384 points or 1.97% and ended at 19,820.
It was their best week in over two months.
Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 8.5 lakh crore to Rs 320.9 lakh crore this week.
From the Sensex pack, NTPC, Tata Motors, and L&T were the top gainers, rising 2-3%. Bajaj Finserv, Bharti Airtel, HDFC Bank, and Titan also closed with gains.
On the other hand, ITC, UltraTech Cement, Tech Mahindra, and Wipro closed with cuts.
Among individual stocks, Landmark Cars closed 12% higher after the firm signed a dealership agreement with Mahindra & Mahindra. Shemaroo Entertainment shares hit 5% lower circuit after 3 officials of the firm were held for GST fraud.
The smallcap and midcap stocks extended their record run on Friday and were up 0.6% and 0.95%, respectively.
Sector-wise, Nifty Realty rose 2.12%, Nifty Financial gained 0.89%, and Nifty Auto surged 0.67%.
The market breadth was skewed in the favour of the bulls. About 2,043 stocks gained, 1,650 declined, and 127 remained unchanged on the BSE.
Expert Take
«The domestic market showcased its resilience once more by rallying, seemingly unfazed by global distress signals.
