Also, the NSE Nifty reclaimed the crucial 7,500-mark by climbing 84.15 points, or 1.12%, to 7,582.90.
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Though the first half was upbeat, tracking global peers on Fed’s dovish stance, things changed dramatically later as profit-booking emerged, capping broader advances.
Vinod Nair, head, fundamental research, Geojit BNP Paribas Financial Services, said, “Global central banks’ policy action has favoured the domestic market”.
The market benchmark BSE Sensex rallied over 255 points and the NSE Nifty recaptured the 7,500-mark on Friday on widespread gains amid a firming trend at other Asian bourses after the Federal Reserve signalled a slower pace of interest-rate hike this year. On similar lines, the NSE Nifty was trading 30.25 points, or 0.40 per cent, higher at 7,542.80.
On the other hand, state-owned oil marketing companies hogged the limelight by surging 6 per cent after Indian Oil Corporation announced an increase in petro and diesel prices.
Hindalco Industries, Bharti Airtel, TCS, ONGC, Adani Ports, Idea Cellular, Cairn India and Vedanta gained 1-2 per cent while Lupin fell 2 per cent on CLSA downgrade.
Foreign institutional investors were net buyers as they bought shares worth Rs 3,306.33 crore in the past five trading sessions.
Among the Asian markets, Japan’s Nikkei was lower by 0.22 per cent, while Hong Kong’s Hang Seng higher by 1.21 per cent and China’s Shanghai Composite Index ended higher by 1.22 per cent.
The 100-scrip and 200-scrip indices of the BSE were higher by 0.20 per cent and 0.24 per cent, respectively.
Among the major indices, IT rose by 2.31 per cent followed by teck 2.17 per cent, metal 2.14 per cent, realty 1.57 per cent, bankex 1.47 per cent, telecom 1.45 per cent, auto 1.36 per cent and finance 1.19 per cent.
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The market breadth remained negative as 1,309 shares ended lower, 1,303 closed higher while 183 ruled steady.
