The Indian stock markets closed in the green on Friday on the back of strong global markets after being in decline for the past four days. The two stock indices- Sensex and Nifty both gained 166.07 points and 42.20 points respectively.
On Friday, Sensex reached the level of 52,484.67 points after increasing in value by 42.2 points or 0.3%. The Sensex is a free-float index calculated on the basis of share prices of 30 top companies at the Bombay Stock Exchange. Meanwhile, the 50 share benchmark index of NSE, Nifty closed at 15,722.2 points, gaining 42.2 points or 0.3% over the course of the day. Of the 50 companies, 28 increased in value while the shares of 21 dropped down. The share value of Hero MotoCorp remained at Thursday’s close level.
The mid-cap index witnessed a surge, increasing by over 137 points or 0.51% to reach the level of 27,020.1.
On the NSE, Divis Lab was the biggest gainer, up by over 2% while Reliance Industries Limited and ICICI Bank witnessed about 1.5% growth in share value. Coal India, Adani Ports, SBI, IOC and Tata Consumer were some other gainers on Friday, up by around 1%.
Metal stocks ended in red with Tata Steel and JSW Steel shedding 2.2% and 1.24% respectively.
Sectorally speaking, most indices closed in positive territory with the exception of Nifty Metal that closed with a fall of 1.5%. Nifty Pharma and Nifty Realty maintained their leads and closed with a gain of 0.5%. Nifty Bank grew by around 126 points.
Globally, investors were closely looking at the release of the US monthly job report. Japan’s Nikkei and Australia’s ASX 200 increased by 0.3% and 0.6% respectively. The European shares were also on an upswing, receiving a boost from semiconductor companies.