Stock market closed with gains, buying in IT stocks
Mumbai: Indian stock market closed with gains in Friday’s trading session. At the end of trading, the Sensex was up 259 points or 0.32 percent at 80,501 and the Nifty was up 12 points or 0.05 percent at 24,346.
On a sectoral basis, IT, PSU Bank, Financial Services, Media and Infra were the top gainers. Pharma, Auto, FMCG, Metal, Realty indexes closed in the red. Buying was seen in midcap and smallcap as compared to largecap. The Nifty Midcap 100 index was down 419 points or 0.78 percent at 53,705 and the Nifty Smallcap 100 index was down marginally by 7 points at 16,441.
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Adani Ports shares rose on strong Q4 FY25 results. It was the top gainer of the Sensex with a gain of over 4 per cent. Apart from this, Bajaj Finance, IndusInd Bank, SBI, Maruti Suzuki, Tata Motors, ITC, Tata Steel, Eternal (Zomato), ICICI Bank, Infosys, HCL Tech and TCS were the top gainers. Nestle, NTPC, Kotak Mahindra Bank, Titan, Power Grid, Tech Mahindra, HUL, Bharti Airtel and Asian Paints were the top losers.
Gold jumped ₹ 1,080, silver also rose ₹ 1,600
Rupak De, Senior Technical Analyst at LKP Securities, says that the index registered volatility during the week. Nifty saw a big decline after reaching the level of 24,550. Such weakness in the index shows selling pressure at higher levels. He further said, “24,250 is a support level for Nifty. If Nifty goes below this level, it can go up to 24,000.”
The Indian stock market started in the green mark due to strong global cues. At 9:44 am, the Sensex was at 80,970 with a gain of 727.82 points or 0.91 percent and the Nifty was at 24,528 with a gain of 199 points or 0.82 percent.
