Indian equity benchmarks ended Friday’s session at record levels, driven by strong buying interest across banking, metals, auto and power stocks, even as FMCG shares lagged.
The Sensex climbed 573 points, or 0.67 per cent, to close at 85,762, while the Nifty advanced 182 points, or 0.70 per cent, to settle at 26,328.
During intraday trade, the Nifty touched a fresh all-time high of 26,330, surpassing its previous peak of 26,325. Bank Nifty also surged to a new record of 60,152.35, supported by sustained strength in banking stocks.
Market breadth remained firmly positive, with 2,527 stocks advancing, 1,347 declining and 135 ending unchanged.
Coal India and NTPC featured among the top gainers on the Nifty. On the sectoral front, PSU banks led the rally with gains of 1.78 per cent, while auto, metal, realty, consumer durables and power indices rose around 1 per cent each. FMCG was the only sector to close in the red, declining 1.15 per cent.
Auto stocks gained traction following encouraging sales numbers, while overall sentiment was supported by stable domestic macro conditions and confidence in India’s medium-term growth outlook.
Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising 1.04 per cent and the Nifty Smallcap 100 gaining 0.78 per cent.
After slipping to an early low of 26,118, the Nifty witnessed steady buying through the session and traded close to its day’s high, indicating sustained positive momentum.
— IANS
