The broad market showed a mixed performance, with 37 stocks advancing and 13 declining from the Nifty 50 index.
Among the top gainers were Maruti, M&M, LT, Bajaj Finance, and Tata Motors, which saw strong upward movements, while Hindalco, Dr Reddy's, Adani Ports, ONGC, and Tata Steel st
Indian stock indices managed to keep the morning session gains intact till the session ended on Friday. Sensex closed at 78,699.07 points, up 226.59 points or 0.29 per cent, while Nifty closed at 23,813.40 points, up 63.20 points or 0.27 per cent.
The Sensex surged by 498.58 points, settling at 78,540.17, while the Nifty rose by 165.95 points, closing at 23,753.45. The rally was supported by broad-based buying, although market experts suggest that the short-term outlook may remain cautious.
The participants in the market will be keenly monitor Foreign Institutional Investments (FIIs) flow trends, global market performance, and Initial Public Offering activities in the domestic markets for the direction, stated market analysts.
The Indian stock markets on Thursday slumpped drastically after witnessing a selling pressure in major markets around the globe and indication from the US Federal Reserve of fewer rate cuts next year, less than anticipation of three or four.
Stock indices in India slumped for the third straight session on Wednesday, with investors closely waiting for the Federal Reserve monetary policy decision slated to be announced later today.
The BSE Sensex declined by 110.20 points to 80,574.26, while the NSE Nifty dipped 23.70 points to 24,312.30. Among Nifty companies, 19 advanced, while 30 recorded declines.