Market on Friday | Nifty closes above 25,550, Sensex up 317 pts; power, metal stocks rise, IT drags
The market staged a strong rebound on February 20, recovering a portion of the previous session’s losses, with the Nifty closing above 25,550, supported by broad-based buying across sectors, except IT stocks.
At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25.
Broader indices were mixed, as the Nifty Midcap index gained 0.5 percent, whereas the Smallcap index closed slightly in the red.
On a weekly basis, the BSE Sensex and Nifty50 posted marginal gains.
Hindalco Industries, NTPC, SBI Life, L&T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries.
Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%.