After four back-to-back consecutive negative closings, the Indian market ended on a strong note on Friday. Benchmarks gained more than half per cent as Nifty50 ended above 16,000-mark, while the Sensex gained around 350 points to settle near 53,800.
Meanwhile, the week which witnessed the market closing in the green on the first time saw the barometer indices closing with one per cent cut each for the week ended on July 15.
Meanwhile, Nifty Midcap and Smallcap rose 0.7% and 0.3% respectively as India VIX (Volatility index) slipped below 18-mark with around 4% change on Friday.
Sectorally, Nifty Auto, FMCG and Consumer Durables gained the most, while Metal and PSU Bank took the maximum beatings in an otherwise positive market.
Tata Consumer, Titan, Tata Motors, Hindustan Unilever, Maruti, L&T, HDFC Limited, Mahindra & Mahindra, Nestle India and Bharti Airtel drove the rally on Friday.
Tata Steel, Power Grid, HCL Tech, Wipro, JSW Steel, Dr Reddy’s and Axis Bank were among top laggards.