Major indexes The twins Reliance Industries and HDFC saw strong purchasing, which helped the averages.
Markets Recover Following a Sharp Drop In The Previous Day; The Sensex And Nifty Both Gain About 3%.
After taking a beating in the previous trading, equity benchmarks rebounded dramatically on Friday, with the Sensex and Nifty both gaining about 3%, helped by bullish global market trends and widespread buying.
Major indexes The twins Reliance Industries and HDFC saw strong purchasing, which helped the averages.
The 30-stock BSE Sensex rose 1,534.16 points, or 2.91 percent, to 54,326.39. It rose 1,604.2 points, or 3.03 percent, to 54,396.43 over the day.
The broader NSE Nifty finished at 16,266.15, up 456.75 points or 2.89 percent.
Dr Reddy's, Reliance Industries, Tata Steel, Nestle, Larsen & Toubro, Axis Bank, IndusInd Bank, Sun Pharma, State Bank of India, and HDFC were the top gainers among the Sensex companies.
On Thursday, the BSE benchmark fell 1,416.30 points, or 2.61 percent, to 52,792.23. The NSE Nifty lost 430.90 points, or 2.65%, to finish at 15,809.40.
Meanwhile, Asian stock markets in Hong Kong, Shanghai, Seoul, and Tokyo ended the day higher.
In the afternoon session, European stock exchanges were also trading with strong gains.
On Thursday, US stock markets finished down.
Brent crude, the international oil standard, fell 0.11 percent to USD 111.9 per barrel.
According to stock exchange statistics, foreign institutional investors sold shares worth a total of Rs 4,899.92 crore on Thursday.
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