Domestic equity benchmarks, the Sensex and Nifty, ended the week on a positive note, extending gains for the third straight session on Friday ahead of Diwali. The upmove was supported by optimism over domestic earnings, renewed foreign capital inflows, and buying in heavyweight stocks such as Asian Paints, Mahindra and Mahindra (M&M) and Bharti Airtel. Advertisement
At the closing bell, the Sensex surged 484.53 points, or 0.58 per cent, to settle at 83,952.19, taking its three-day rally to 1,922 points. The Nifty50 advanced 124.55 points, or 0.49 per cent, to close at 25,709.85. The sentiment around the 50-pack index remains upbeat, with the index breaking above its four-month consolidation range, said Rupak De, Senior Technical Analyst at LKP Securities.
“On Friday, large-cap stocks cl