Indian stock benchmarks ended the week with a higher figure on Friday, posting gains for the second straight session amid positive global trend. Asian stocks rose in line with overnight gains in Wall Street on a more optimistic outlook for US retail earnings.
Domestic indices continue their upward trend, led by buying interest in information technology, banking and auto stocks.
The 30-share BSE Sensex zoomed 632 points or 1.17 percent to close at 54,885, while the broader NSE Nifty rose 182 points or 1.13 percent to settle at 16,352.
Mid and small cap stocks finished strong as Nifty Midcap 100 climbed 1.38 percent and small cap 1.36 percent.
13 of the 15 sector meters – compiled by the National Stock Exchange – were in green. Sub-indexes Nifty IT, Nifty Private Bank and Nifty Auto outperformed the platform with increases of 2.54 percent, 1.84 percent and 1.56 percent, respectively.
On a stock-specific front, Apollo Hospitals was the best riser as the stock rose 5.11 percent to Rs 3,850. Tech Mahindra, HDFC Life, IndusInd Bank and Wipro were also among the winners.
Overall market size was positive with 2,215 shares moving up, while 1,108 shares fell on BSE.
On the 30-share BSE index, Tech Mahindra, IndusInd Bank, Wipro, Bajaj Finance, Infosys, Bajaj Finserv, L&T, HCL Tech, Hindustan Unilever, Kotak Mahindra Bank, HDFC and M&M were among the top winners.
In contrast, NTPC, Bharti Airtel, PowerGrid, Tata Steel, Reliance Industries, Asian Paints and Nestle India were in the red.