Lagatar24 Desk
Mumbai, Feb 25: After a big drop the previous day, Indian equities indices rallied on Friday, matching their worldwide brethren.
Following Wall Street’s overnight lead, Asian stocks recovered ground as US President Joe Biden retaliated with tough sanctions on Russia after Moscow attacked Ukraine.
The benchmark BSE Sensex was up 1,135 points, or 2.08 percent, at 55,665 at 9:21 a.m., while the broader NSE Nifty was up 325 points, or 2.08 percent, at 16,573.
Mid- and small-cap stocks were trading higher, with the Nifty Midcap 100 index up 3.45% and small-cap stocks up 4.61 percent.
The National Stock Exchange’s 15 sector indexes were all trading in positive territory. The Nifty PSU Bank and Nifty Metal indexes both outperformed the index, climbing 4.85 percent and 3.85 percent, respectively.
On a stock-by-stock basis, Tata Motors was the highest Nifty gainer, rising 6.73 percent to Rs 456.75. Among the gainers were IndusInd Bank, UPL, Adani Ports, and Tata Steel.
On the BSE, the overall market breadth was good, with 2,189 shares rising and 549 falling.
The wealth of investors increased by about Rs 6.60 lakh crore to Rs 2,48,84,600.65.
The Sensex’s constituents were all trading higher. Tata Steel, Tech Mahindra, Wipro, M&M, and UltraTech Cement were among the top gainers, with their stock rising as much as 4.12%.
On Thursday, the Sensex fell 2,702 points, or 4.72 percent, to close at 54,530, while the Nifty fell 815 points, or 4.78 percent, to conclude at 16,248. Both indices have fallen for the seventh day in a row, marking their longest losing streak since March 2020.
