Sensex soars by almost 130 points, and Nifty50 ends up close to 17700

The BSE Sensex increased by 130.18 points or 0.22 percent to settle at 59,462.78, and the Nifty50 increased by 39.15 points or 0.22 percent to close at 17,698.15.

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The Indian markets closed Friday’s trading session on a high note, with the Sensex rising more than 130 points and the Nifty settling close to the 17700 level, primarily due to the backing of metal stocks, banks, and financials.

The BSE Sensex increased by 130.18 points or 0.22 percent to settle at 59,462.78, and the Nifty50 increased by 39.15 points or 0.22 percent to close at 17,698.15. The Nifty midcap and smallcap were up by 0.7 and 0.25 percent at the closing, indicating that the broader markets outperformed the benchmarks.

At the close, 29 stocks were up and 21 were down on the Nifty50. As petroleum nears $100 a barrel, ONGC increased by almost 5% to become the top gainer on the Nifty, followed by Tata Steel, which increased by over 3%. Since the ex-split date, Tata Steel has increased by 12.5%. NTPC also increased by more than 3%.

Other industry giants including UPL and Power Grid each saw gains of 2% to 3%, and ICICI Bank and SBI saw gains of 2% to 3% at today’s market closing.

On the other hand, as margins declined during the June quarter, Divis Lab lost the highest market value today, falling by almost 6%. Apollo Hospital then lost more than 2.5% of its value. While other stocks, including Infosys, Maruti, Tata Consumer, and Cipla, each experienced a closing decline of 1% to 1.5%.