Closing Bell: Indian Markets Rebound After Losses

19 Apr 2024 , 03:46 PM

After enduring four consecutive days of losses, Indian benchmark indices rebounded on Friday, despite escalating tensions between Iran and Israel casting a shadow over investor sentiment worldwide.

By the closing bell, the Sensex had gained 599.34 points or 0.83%, reaching 73,088.33, while the Nifty rose by 151.20 points or 0.69% to 22,147. Among the listed stocks, 1576 saw gains, 1770 witnessed declines, and 95 remained unchanged.

Leading the gainers on the Nifty were Bajaj Finance, M&M, HDFC Bank, Maruti Suzuki, and JSW Steel, while Bajaj Auto, HCL Technologies, Divis Labs, TCS, and Nestle India were among the top losers.

By the end of the day, many heavyweight sectoral indices had managed to recover their losses. The Financial Services and Bank index surged by 1.31% and 1.07% respectively by the closing bell. The Metal index also ended in the positive territory, gaining 0.96%. Additionally, the Consumer Durables, FMCG, and Auto indices closed in the green, with gains of 0.49%, 0.44%, and 0.41% respectively.

However, the IT index closed down by 0.39%, while the Pharma and Healthcare indices witnessed declines of 0.65% and 0.40% respectively. The Oil & Gas index also closed in negative territory, down by 0.22%.

The BSE midcap index dipped by 0.4%, while the smallcap index closed flat.