Mumbai’s stock market scripted a remarkable turnaround on Friday, the final trading day of the week, shrugging off yesterday’s sharp decline and early session losses to close in positive territory. PSU banks and metal stocks led the charge, injecting fresh momentum into the indices.
The BSE Sensex surged 316.57 points, or 0.38%, to settle at 82,814.71. Meanwhile, the NSE Nifty climbed 116.90 points, up 0.46%, ending at 25,571.25. At close, every Nifty sectoral index except IT traded in the green, signaling broad-based recovery.
Despite lingering tensions between the US and Iran weighing on Asian markets, Indian benchmarks defied the gloom. The Nifty Midcap 100 index rose 0.48%, while the Nifty Smallcap 100 dipped marginally by 0.11%.
Sector-wise, PSU Bank index stole the show with a 1.68% gain, followed by Nifty Metal at 1.25%. Auto and FMCG sectors added 0.41% and 0.56% respectively, while Nifty Bank gained 0.71%. IT, however, buckled under pressure, falling 0.98%.
Among Sensex constituents, 22 of 30 stocks advanced. NTPC, L&T, HUL, Tata Steel, Power Grid, and BEL posted gains up to 2.7%, emerging as top performers. Tech Mahindra, Infosys, Eternal, HCL Tech, and Bharti Airtel languished as major losers.
This rebound underscores investor resilience amid global headwinds, setting an optimistic tone for the week ahead as key sectors demonstrate strength.