On Friday, the market closed at its day’s high, with the Nifty climbing above 24,500. Both Sensex and Nifty rose nearly 2%, while the broader market outperformed, driven by positive sentiment across sectors.

The IT sector reflected global trends, with major stocks like Wipro and Tech Mahindra leading the Nifty gainers. All sectoral indices closed in the green, with both the Nifty IT and Realty indices rising nearly 3%.

BSE-listed companies saw a significant market capitalization increase of nearly Rs 7 lakh crore during today’s trade. HDFC Bank and ICICI Bank alone contributed over 500 points to the Nifty Bank index, which climbed by 790 points to reach 50,517.

Ola Electric hit its 20% upper circuit limit following the launch of its electric bike and Q1 results. DLF rose over 5% due to a positive brokerage note, while M&M increased by 3.5% after launching the Thar Roxx.

Cement stocks, including UltraTech Cement, saw a notable recovery, with UltraTech rising by 2.5%.

Aurobindo Pharma fell over 1% after receiving a US FDA warning letter for its Eugia unit III.

Jio Financial Services surged nearly 2.5% in the final minutes of trade.

The market breadth was very strong and positive, as reflected in an advance-decline ratio of 2:1.

This week, both the Sensex and Midcap rose 1% each. Nifty PSU Bank and PSE lost the most among the indices, while IT and Realty emerged as the top gainers.

Divi’s Labs, NTPC, and Coal India continued to be the top Nifty losers. On the other hand, Tech Mahindra, HCL Technologies, and Infosys emerged as the top gainers.

In the mid-cap segment, Max Financial Services, Sun TV, and Bharat Dynamics were the major laggards, whereas PB Fintech, RVNL, Voltas, and Paytm were notable gainers.

Sensex ended up 1,330.96 points, or 1.68%, higher at 80,436.84, while Nifty ended up 397.40 points, or 1.65%, higher at 24,541.15.

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