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The Indian equity market ended higher on Friday helped by a sharp rebound in banking and financial stocks following a massive sell-off in the previous session.\u00a0Sensex rose 918 pts to close at 77,550 and Nifty added 309 pts to settle at 22346. Market cap of BSE-listed firms rose to Rs 451.21 lakh crore.\u00a0<\/p>
Asian Paints, ICICI Bank, M&M, IndiGo, Axis Bank, SBI,and Bajaj Finance were the top Sensex gainers rising up to 4% on Friday. On the other hand, Tech Mahindra, HCL Tech, Infosys, TCS and Sun Pharma \u00a0were the only losers, falling up to 3.65%.\u00a0<\/p>
As many as 110 stocks hit their 52-week highs today. On the other hand, 20 shares fell to their 52-week lows.<\/p>
Banking, capital goods, auto and consumer durables shares were the top gainers with their BSE indices rising 1274 pts, 1602 pts, 1570 pts and 1251 pts, respectively.\u00a0<\/p>
Ajit Mishra \u2013 SVP, Research, Religare Broking \u00a0said, “Nifty is witnessing a steady recovery and indications favour a gradual rise towards the 24,300\u201324,700 zone. A further cool-off in the volatility index, India VIX, which is now at 19, is adding to market comfort. Traders should maintain a positive yet cautious stance until the Nifty decisively holds above the key level of 23,500 i.e. 200 DEMA. They should focus on stock-specific opportunities, particularly in rate-sensitive and cyclical sectors, while closely monitoring earnings, crude , and global developments for further cues.”<\/p>
Vinod Nair, Head of Research, Geojit Investments said, “Indian equity markets ended higher, supported by positive global cues and optimism surrounding geopolitical de-escalation efforts in West Asia. Buying interest was broad-based, with mid-cap and small-cap stocks outperforming large-caps. Sectorally, auto and realty stocks advanced, while banking stocks posted firm gains, supported by comfort on valuations and expectations of credit growth.”<\/p>
Previous close\u00a0<\/strong><\/p> Sensex declined 931.25 points, or 1.20 per cent, to end at 76,631.65, while Nifty slipped 222.25 points, or 0.93 per cent, to close at 23,775.10.\u00a0<\/p> <\/div> Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p> Sensex recovery, Nifty rises, Sensex, Nifty, Sensex today, \u00a0BEL, Tech Mahindra, Bharti Airtel, Sensex gainers, L&T, Tata Steel, IndiGo, Ultratech Cements, Titan, Bajaj Finserv, Sensex losers#Sensex #rises #pts #Nifty #closes #banking #auto #shares #lead #rally1775818474<\/p> ","protected":false},"excerpt":{"rendered":" The Indian equity market ended higher on Friday helped by a sharp rebound in banking and financial stocks following a massive sell-off in the previous session.\u00a0Sensex rose 918 pts to close at 77,550 and Nifty added 309 pts to settle at 22346. Market cap of BSE-listed firms rose to Rs 451.21 lakh crore.\u00a0 Asian Paints, […]<\/p>\n","protected":false},"author":1,"featured_media":6225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[5601,568,4862,570,13467,4805,2890,14323,9012,2110,23255,8293,2112,1008,1721,23256,13468,23254,6145,1012,4743,8846,9677,23257],"class_list":["post-6224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-auto","tag-bajaj-finserv","tag-banking","tag-bel","tag-bharti-airtel","tag-closes","tag-indigo","tag-lt","tag-lead","tag-nifty","tag-nifty-rises","tag-pts","tag-rally","tag-rises","tag-sensex","tag-sensex-gainers","tag-sensex-losers","tag-sensex-recovery","tag-sensex-today","tag-shares","tag-tata-steel","tag-tech-mahindra","tag-titan","tag-ultratech-cements"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/6224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6224"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/6224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/6225"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6224"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}