Indian markets add ₹14T to BSE-listed firms as indices rally
Indian stock markets had another upbeat week, with both Sensex and Nifty rising over 1% and closing near their highest levels on Friday.
This rally added a massive 14 trillion rupees to the value of BSE-listed companies, while midcap stocks saw an even bigger jump of almost 4%, thanks to standouts like Suzlon Energy and RVNL.
Indian capital markets, defense stocks rally
Capital markets and defense stocks led the charge, each climbing about 6% to 7%.
The Nifty Bank index also surged by 479 points, and overall market sentiment was solid; about three stocks rose for every one that fell.
Meanwhile, the rupee got a boost too, ending stronger at 92.93 per dollar.
Not every sector joined in (auto stocks lagged), but big names like Adani Ports and Max Healthcare helped keep spirits high as markets wrapped up close to their best marks of the day.