Sensex gains 505 points to 78,493 as Nifty tops 24,350
Business
Indian stock markets made a strong comeback on Friday, with the Sensex climbing 505 points to close at 78,493 and the Nifty finishing above 24,350.
The rally came after crude oil prices eased and a cease-fire between Israel and Lebanon helped calm global nerves.
FMCG metal energy up 1%-2%
Every sector ended in the green, with FMCG, metal, and energy stocks up by 1% to 2%. Mid-cap and small-cap indices also outperformed.
VST Industries shot up 9% after posting huge Q4 profits, while Waaree Renewable Technologies gained over 5% and Om Power Transmission had an impressive debut.
On the downside, Wipro dropped 3% on lower profits and HDFC Life slipped by 2%, but overall market vibes stayed upbeat thanks to hopes for U.S.-Iran talks.