Markets Rebound After 3-Day Slump, Sensex Surges 1,000 Points Led By Financials & Telecom Stocks

Mumbai: Indian stock markets ended Friday with strong gains. Investors were happy as tensions between Iran and Israel seemed to cool down. This gave a boost to market confidence.

The Nifty 50 jumped 319 points or 1.3 percent to close at 25,112. The Sensex also rose 1,046 points or 1.3 percent to finish at 82,408. This ended the market’s three-day losing streak.

Over the whole week, Nifty gained 1.4 percent. However, not all sectors did well. The Nifty Bank index dropped 675 points or 1.22 percent to 56,252, showing some weakness in banking stocks.

Midcap stocks recovered, with the BSE Midcap index rising 539 points or 1.2 percent to 45,480.26. Smallcap stocks also went up, gaining 285 points or 0.55 percent to 52,378.52.

The BSE Midcap pulled back almost 539 points or 1.20 percent to 45,480.26. On the other hand, the BSE Smallcap remained steady, surging 285 points or 0.55 percent to 52,378.52.

On Friday, Indian stock indices ended the session on a strong note. Out of 2,954 traded stocks during the day, 1,912 ended higher, 963 declined, and 79 stocks remained unchanged.

Market momentum was upbeat, with 28 stocks hitting a fresh 52-week high, showing growing investor confidence. However, 38 stocks also touched a new 52-week low, indicating mixed sentiment in some pockets.

Top Gainers

Trent emerged as the top performer in the Nifty 50 pack, rising by 3.69%. Other notable gainers included Jio Financial Services, Mahindra & Mahindra (M&M), Bharti Airtel, and Nestle India.

Top Losers

Hero MotoCorp saw the steepest fall among Nifty stocks. Other major laggards included Dr Reddy’s Laboratories, Maruti Suzuki, ONGC, and Axis Bank, all ending the day in the red.

Overall, market breadth was positive, with more advancing stocks than losers.