Sensex up 100pts, Nifty above 17500; Bajaj Twins rise up to 2%

Strong global mood instilled strength in domestic markets on Friday. Moreover, index-heavyweights lent support as shares of Bajaj Twins, Asian Paints, Reliance Industries, Sun Pharmaceutical, HUL, TCS, gained up to 2 per cent.

Key indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 59,884 levels.

Broader markets, too, inched higher in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.4 per cent. Volatility gauge, India VIX, meanwhile, slipped over 5 per cent.

Sectorally, Nifty Auto, Nifty PSU Bank, and Nifty Metal indices were the worst hit, declining up to 2 per cent. On the flipside, Nifty Pharma, and Nifty Realty indices rose up to 0.8 per cent.

Among individual stocks, shares of Mahindra Lifespace Developers (MLDL) dropped 8 per cent after the company’s CEO & MD, Arvind Subramanian tendered his resignation.

Besides, shares of Jindal Stainless (Hisar) (JSHL) gained 3 per cent to hit a record high of Rs 504.55, after the company fixed March 9, 2023 as the record date for merger with Jindal Stainless (JSL).