Sensex Surges 629 Points, Nifty At 18,500. RIL, Sun Pharma Jump 3%, All Sectors In The Green


The two key equity benchmarks, Sensex and Nifty, on Friday closed with broad-based gains, aided by positive global sentiment as investors closely track US debt limit negotiations. After starting trade with nominal gains in the morning, the BSE Sensex surged 629 points to end at 62,502. On the other hand, the NSE Nifty50 settled at 18,499, up 178 points.

On the 30-share Sensex platform, Reliance, Sun Pharma, HCL, HUL, Wipro, TechM were among the lead gainers. On the flipside, Airtel, PowerGrid, and NTPC were the only three laggards.

Among specific stocks, Sun Pharma showed 2.75 per cent gains came after the company posted a net profit of Rs 1,984.5 crore for Q4FY23 versus a net loss of Rs 2,227 crore a year ago. ONGC and Grasim dropped 1 per cent each ahead of their Q4 results, which will be released after market hours. Page Industries also slumped 9 per cent on reporting a sharp decline in profit margins for Q4FY23.

In the broader markets, the BSE Midcap index added 0.8 per cent and the Smallcap index was up 0.5 per cent.

Sectorwise, all indices ended in the green with Metal, FMCG, Information Technology, Realty, Pharma, and PSU Bank up 1 per cent each.

In the previous session on Thursday, the S&P BSE Sensex ended at 61,873, up 99 points, on the other hand, the Nifty50 settled at 18,321, up 36 points.