Nifty ends above 17350, Sensex up 1031 pts, all sectors in the green
Closing Bell- Sensex and Nifty: Indian stock markets made a strong rally on the last day of the financial year. The domestic stock market indexes opened a gap-up on Friday and extended their gains gradually as the session progressed.
The Nifty 50 index closed higher by 279.05 points or 1.63 percent and closed at 17359.75 levels while the Sensex was up by 1031.43 points or 1.78 percent and finished at 58991.52 levels. The Bank Nifty index ended higher by 698 points or 1.75 percent on the spot level and closed at 40608.65 levels
The broader markets also closed higher today, as the Nifty midcap index was up by 259.60 points or 0.87 percent and closed at 30035.15 levels. The Nifty smallcap index closed higher by 142.65 points or 1.61 percent at 8994.75 levels.
Nifty 50 top gainers & losers
The top gainers in the Nifty 50 index were Reliance, Nestle, Infy, ICICI Bank, and Tata Motors and the top losers were Apollo Hospital, Sun Pharma, Adani Ports, Asian Paints, and Bajaj Finance
The top gainers in the Nifty midcap index were Trident, Adani Wilmar, and TTML, and the top losers were Oil India, Torrent Power, and Bank of India
The smallcap top gainers were Brightcom Group, EasyMy Trip, and Granuels, while the top losers were Bajaj Electricals, Century Textiles, and Redington
The most active stocks in the Nifty index in terms of value were Reliance, HDFC Bank, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, ICICI Bank, and HDFC Bank
On the sectoral front, all sectoral indices closed higher on Friday. The sectors that led the gains were IT, Energy, Banks, and Financial services
Global stock markets
On the global front, the other Asian markets closed mostly in green, as market sentiment was supported by easing worries about the global banking system and expectations that the Federal Reserve may pause the interest rate hikes. Investors now look ahead to the US personal consumption expenditure price index later in the day. Japan’s Tokyo inflation continues to decline from its recent high made in December.
Meanwhile, China’s March official manufacturing PMI data beats expectations. European stock markets are trading higher following the positive cues from Wall Street and Asian market peers. The sentiment got boosted as Eurozone inflation dropped in March, due to a fall in energy prices, but core inflation came slightly higher. The US future indexes, Dow and Nasdaq futures are trading flat at this moment.
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Editorial desk
