The Indian stock market concluded Friday’s session with gains across multiple sectors. Pharma, auto, IT, financial services, FMCG, media, and private banks on Nifty saw active buying, boosting the overall sentiment.
The Sensex rose by 226.59 points, or 0.29%, to close at 78,699.07, while the Nifty 50 index gained 63.20 points, or 0.27%, ending at 23,813.40.
Nifty Bank advanced by 140.60 points, or 0.27%, settling at 51,311.30. However, the broader indices presented a mixed picture. The Nifty Midcap 100 slipped by 145.90 points, or 0.26%, to close at 56,979.80, while the Nifty Smallcap 100 edged up by 27.20 points, or 0.15%, ending at 18,755.85.
On the Bombay Stock Exchange (BSE), 1,946 shares ended in green, 2,026 closed in red, and 115 remained unchanged.
According to market analysts, subdued trading activity characterized the week, as the absence of major triggers kept participants cautious. Sentiments were further impacted by the anticipated swearing-in of the US Republican Party administration.
Additionally, the Indian rupee touched a new low of 85.54 against the dollar. Analysts attributed this drop to expectations of fewer US Federal Reserve rate cuts, a widening trade deficit, and weak domestic economic growth.
In the Sensex pack, M&M, IndusInd Bank, Tata Motors, Bajaj Finance, Bajaj Finserv, Sun Pharma, Nestle India, ICICI Bank, and Asian Paints emerged as the top gainers. On the other hand, SBI, Tata Steel, Zomato, UltraTech Cement, HCL Tech, L&T, Titan, TCS, and Power Grid were among the top laggards.
Foreign institutional investors (FIIs) sold equities worth ₹2,376.67 crore on December 26, while domestic institutional investors (DIIs) were net buyers, purchasing stocks worth ₹3,336.16 crore.
(IANS)
