The Indian stock market concluded on a robust note on Friday, extending its winning streak. The BSE Sensex surged 557.45 points or 0.73 per cent to close at 76,905.51, while the NSE Nifty 50 climbed 159.75 points or 0.69 per cent to 23,350.40. The Nifty 50 successfully breached the 23,300 resistance level, led by banking, oil & gas, and pharma stocks.
Despite initial cautious trading due to global market volatility and trade tensions, the indices maintained their upward trajectory, supported by strong domestic consumption themes.
Top Gainers
NTPC Ltd led the gains, surging 2.78 per cent to ₹351.15, buoyed by increased demand in the energy sector. Bajaj Finance followed closely, rising 2.75 per cent to ₹8,918.60, supported by strong institutional buying.
Kotak Mahindra Bank gained 2.41 per cent to ₹2,084.40 amid renewed optimism in banking stocks. Axis Bank advanced 2.13 per cent, settling at ₹1,075.90, while Nestlé India rounded out the top gainers, climbing 2.03 per cent to ₹2,266.45.
Top Losers
Among the laggards, Infosys declined 1.34 per cent to ₹1,592.60, tracking weakness in the IT sector. Tata Steel slipped 1.10 per cent to ₹157.25 as profit-booking hit the metal sector.
Mahindra & Mahindra (M&M) fell 1.08 per cent to ₹2,799.30, while Titan dropped 0.91 per cent to ₹3,163.60. Bajaj Finserv saw a modest decline of 0.63 per cent, closing at ₹1,839.65.
The market’s strong momentum was driven by gains in banking and energy stocks, while IT and metal stocks saw some profit-booking. The Nifty Bank index rose 1.02 per cent, while the Nifty Oil & Gas index gained 1.45 per cent.
