Mumbai, Feb 20: Stock markets rebounded on Friday, with the benchmark Sensex closing higher by 316 points after heavy buying in banking and metal shares, amid optimism over progress on a trade deal and India’s participation in Pax Silica.
The 30-share BSE Sensex climbed 316.57 points, or 0.38 per cent, to settle at 82,814.71. During the day, the benchmark appreciated by 633.94 points, or 0.76 per cent, to hit an intraday high of 83,132.08.
The 50-share NSE Nifty advanced 116.90 points, or 0.46 per cent, to close at 25,571.25, as 36 of its components ended in the positive zone and 14 in the red. In the intraday session, it jumped by 209.2 points, or 0.82 per cent, to hit a high of 25,663.55.
The Sensex, on Thursday, tanked 1,236.11 points, and the NSE Nifty slumped 365 points to close near 25,450, following across-the-board selling by investors amid growing geopolitical concerns.
NTPC, Larsen & Toubro, Hindustan Unilever, PowerGrid, Tata Steel, Kotak Mahindra Bank, Bharat Electronics Ltd, Bajaj Finance, Titan, Maruti Suzuki India, Axis Bank and IndiGo were the major gainers on Friday among Sensex stocks.
On the other hand, Tech Mahindra, Infosys, Eternal, HCL Technologies, Bharti Airtel, HDFC Bank, Mahindra & Mahindra and Adani Ports ended with losses. Broader indices ended higher, with the BSE Midcap Select Index rising 0.45 per cent, while the Smallcap Select Index edged up by 0.07 per cent.
Among sectoral indices, Power rose the most by 1.91 per cent, followed by PSU Bank by 1.83 per cent, Utilities by 1.53 per cent, Capital Goods by 1.51 per cent, Industrials and Metal by 1.27 per cent each, and Bankex by 0.77 per cent. Information Technology and Focused IT were the only laggards. A total of 2,265 stocks declined, while 1,917 advanced and 167 remained unchanged on the BSE.
On a weekly basis, the 30-share BSE Sensex rose 187.95 points, or 0.22 per cent, while the Nifty went up by 100.15 points, or 0.39 per cent.
The market capitalisation of BSE-listed firms increased by Rs 1,89,341.06 crore to Rs 4,67,11,355.63 crore (USD 5.14 trillion). (PTI)
