Equity markets climbed on Friday after the , a move that sent banking, realty, auto and NBFC stocks sharply higher. That said, key upcoming triggers remain — future liquidity conditions, FII inflows/outflows, currency moves and global macro trends.
zoomed 482.36 points or 0.57 per cent to 85,747.68 at 1.03 pm after opening at 85,125.48, and surged 154.85 points or 0.59 per cent to 26,188.60. Sensex touched an intraday high of 85,796.72 in today’s session and Nifty 50 scaled to a high of 26,202.60.
The midcap index posted modest gains, but the smallcap index slipped 0.68 per cent. Among sectors, financials and banking counters buoyed sentiment with gains of over 1 per cent, while the IT index also advanced 1 per cent. Metals, auto and oil & gas stocks showed resilience, whereas media, FMCG, consumer durables and pharma shares edged into negative territory.
Bajaj twin shares, Shriram Finance lead gainers of Nifty 50
Among the Nifty 50 pack, , , , and led the gainers, while , , , and Tata Motors Passenger Vehicles depreciated the most.
Market breadth remained mixed despite the broader indices firming up. Out of 3,033 stocks traded on the National Stock Exchange at the time of writing, 1,220 advanced while 1,712 declined, with 101 unchanged — indicating a slightly negative overall breadth even as headline indices gained.
Only 30 stocks, such as Hero Motocorp and Lumax) managed to hit their 52-week highs, compared with a sizable 201 (featuring Wendt, Thermax, Nilkamal, Raymond and Go Colors) slipping to new 52-week lows, reflecting underlying pressure in several pockets of the market. Meanwhile, 52 stocks were locked in upper circuit, while 41 stocks hit lower circuit limits.
Kaynes Tech: Biggest drag among smallcap index
Under the midcap segment, M&M Financial Services, SBI Cards, Indus Towers, Marico and Patanjali Foods soared 2-5 per cent, while Premeir Energies, Waaree Energies, IREDA, Hitachi Energy and Motilal OFS dragged 2-4 per cent.
Smallcap stocks HSCL, Wockhardt, Zen Tech, PNB Housing and MCX were up 1-4 per cent. flagged accounting concerns. Amber, Redington, CAMS and Aster DM Healthcare also depreciated 2-5 per cent.