Noida, Apr 17 (APAC Media): Indian stock markets closed Friday on a firm footing, with benchmark indices posting notable gains driven by strong buying across sectors.
The BSE Sensex jumped 502 points, or 0.64%, to settle at 78,493, while the NSE Nifty 50 rose 148 points, or 0.61%, to end at 24,353.
During the session, the Sensex touched an intraday high of 78,650 and a low of 77,980, showing a range of nearly 670 points. Similarly, the Nifty traded between 24,420 and 24,150, indicating steady upward momentum throughout the day.
Market breadth remained positive, with over 2,300 stocks advancing, around 1,200 declining, and nearly 120 remaining unchanged on the BSE. Notably, more than 160 stocks hit their 52-week highs, while fewer than 40 touched their 52-week lows, highlighting strong bullish sentiment.
Sectoral indices also reflected gains. The Nifty Metal index surged over 2.1%, while the Nifty Energy and Nifty FMCG indices gained around 1.3% and 1.1%, respectively. Banking stocks supported the rally, with the Nifty Bank index rising approximately 0.7%, closing near 52,100 levels.
In the broader markets, the Nifty Midcap 100 index climbed 1.4%, while the Nifty Smallcap 100 index advanced 1.7%, outperforming the headline indices. This indicates increased participation from retail and institutional investors beyond large-cap stocks.
On the currency front, the Indian rupee strengthened by 12 paise to close at 83.18 against the US dollar. Meanwhile, Brent crude prices slipped below $86 per barrel, easing cost pressures for the domestic economy.
Foreign institutional investors (FIIs) were net buyers, infusing an estimated Rs 3,200 crore into equities, while domestic institutional investors (DIIs) added around Rs 1,100 crore.
Overall, the session saw strong numerical indicators across indices, sectors, and flows, pointing to sustained bullish momentum in the market.
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