The Indian stock market on Friday closed at its day’s high, with the Nifty Index surging above the 24,500 mark. Frontline indexes saw significant gains, with both the Sensex and Nifty rising nearly 2% each, with the broader market outperforming on positive sentiment across sectors.

Sectoral and Stock Highlights

The Information Technology (IT) sector mirrored global cues, with major stocks like Wipro and Tech Mahindra leading the Nifty gainers. All sectoral indices ended in the green, with the Nifty IT and Realty indices both climbing nearly 3%.

The BSE-listed companies saw a substantial market capitalization increase of nearly ₹7 lakh crore during today’s trade. Notably, HDFC Bank and ICICI Bank contributed over 500 points to the Nifty Bank index’s gains, which rose by 790 points to 50,517.
In stock-specific news, Ola Electric hit its 20% upper circuit limit following its electric vehicle bike launch and Q1 results. DLF ended more than 5% higher, driven by a positive brokerage note. Mahindra & Mahindra saw a 3.5% increase following the launch of its Thar Roxx. Cement stocks made a notable recovery, with UltraTech Cement rising by 2.5%. Conversely, Aurobindo Pharma fell over 1% after receiving a US FDA warning letter for its Eugia unit III.

Jio Financial Services experienced a sharp surge of nearly 2.5% in the final minutes of trade. The market breadth was strongly positive, with an advance-decline ratio of 2:1.

Market This Week

For the week, the Sensex and Midcap indices gained nearly 1% each. The Nifty PSU Bank and PSE indices experienced the largest declines, while the IT and Realty sectors posted the most significant gains.

Divi’s Labs, NTPC, and Coal India were among the top Nifty losers, while Tech Mahindra, HCL Technologies, and Infosys were the top gainers.

In the Midcap segment, Max Financial Services, Sun TV, and Bharat Dynamics were the largest decliners, whereas PB Fintech, RVNL, Voltas, and Paytm stood out as top gainers.