On BSE, the overall market breadth stood strong as 2,643 shares advanced while 726 declined.New Delhi: The Indian equity indices rebounded on Friday finished higher after falling for seven straight sessions led by gains across all sectors.
The benchmark BSE Sensex jumped 1,329 points or 2.44 per cent to close at 55,859; while the broader NSE Nifty moved 410 points or 2.53 per cent higher to settle at 16,658.
Both the indexes had plunged sharply in the previous session, marking their worst fall in over a year.Investor sentiment turned upbeattracking the global markets as United States President Joe Biden hit back at Russia with harsh sanctions after it attacked Ukraine.Investors' wealth zoomed 7.76 lakh crore in a sharp rise on Dalal Street today, with the market capitalisation (m-cap) of BSE-listed companies rising to Rs 250 lakh crore from Thursday's Rs 242.24 lakh crore mark.Mid- and small-cap shares finished on a positive note as Nifty Midcap 100 index dived 4.18 per cent and small-cap shares shed 4.84 per cent.All of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green.
Nifty Metal and Nifty PSU Bank outperformed the index by rising as much as 5.74 per cent and 4.69 per cent, respectively.On the stock-specific front, Coal India was the top Nifty gainer as the stock soared 8.87 per cent to Rs 163.30.
Tata Motors, Tata Steel, Adani Ports and IndusInd Bank were also among the gainers.On BSE, the overall market breadth stood strong as 2,643 shares advanced while 726 declined.Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech Mahindra and Kotak Mahindra Bank were the major gainers on the 30-share BSE index.
In contrast, Nestle India settled in the red.