The key equity benchmarks, Sensex and Nifty, reversed their three-day losing streak on the back of renewed buying interest in auto and IT stocks. Adani Group shares also finished with strong gains on Friday after the Supreme Court appointed panel report revealed that it could not pinpoint regulatory failure.
The S&P BSE Sensex ended 298 points higher at 61,730. On the other hand, the NSE Nifty 50 gained 158 points from the day’s low of 18,060, to hit the day’s high of 18,218. The Nifty settled at 18,203, up 73 points.
On the 30-share Sensex platform, Tata Motors, TechM, Infosys, HCL, Axis Bank, M&M were among the winners. On the downside, NTPC, Asian Paints, Titan, PowerGrid, Tata Steel, Sun Pharma emerged losers.
Among specific stocks, Gautam Adani Group flagship firm, Adani Enterprises ended 3.5 per cent higher. Adani Power, Adani Green and Adani Transmission were locked at the 5 per cent upper limit. Adani Wilmar zoomed nearly 7 per cent. Whereas, Adani Ports, ACC, Ambuja Cement, NDTV and Adani Total Gas were up 1 – 4 per cent each.
In the broader markets, the BSE Midcap and Smallcap indices underperformed and ended on a flat note.
Sectorwise, the BSE IT index surged 1.4 per cent. The Auto and Realty indices were up over 0.5 per cent each, while the Healthcare index slipped 0.5 per cent.
In the previous session on Thursday, the BSE Sensex settled the day with a loss of 129 points at 61,432. On the other hand, the NSE Nifty 50 closed the day at 18,130, down 52 points.