Stock Market Today: Sensex, Nifty End Volatile Poll Result Week At Record
The Nifty closed at 23,290.15, up by 468.75 points or 2.05% and the Sensex closed at 76,693.36, higher by 1,618.85 points or 2.16%.

KEY HIGHLIGHTS
- Oldest First
Rupee Strengthens Against The U.S. Dollar
The local currency strengthened by 10 paise to 83.37 against the US dollar.
It closed at 83.47 on Thursday.
Source: Cogencis
Sensex, Nifty End Volatile Poll Result Week At Record: Closing Bell
Benchmark equity indices recovered from their losses on the counting day and recorded their highest close as heavyweights led the rally.
Sensex also hit an intraday high of 76,795.31. The Nifty closed at 23,290.15, up by 468.75 points or 2.05% and the Sensex closed at 76,693.36, higher by 1,618.85 points or 2.16%.
On a weekly basis, the Nifty gained 3.37% and the Sensex gained 3.69%.
Aditya Agarwala, Head of Research And Investments called Monday's high as the area of resistance. He said that the markets will see profit booking when they reach that level.

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Shares of Reliance Industries Ltd., Infosys Ltd., Mahindra & Mahindra Ltd., Bharti Airtel Ltd., and HDFC Bank Ltd. contributed the most to the gains.
While those of State Bank Of India and Tata Consumer Products weighed on them.

Most sectoral indices ended the week higher. Nifty IT gained nearly 9% and Nifty PSU Bank was the only index that ended with weekly losses.

All 20 sectoral indices on the BSE rose. S&P BSE Telecommunication rose the most.
Broader markets underperformed. The S&P BSE Midcap closed 1.28% higher and the S&P BSE Smallcap ended 2.18% higher.
The market breadth was skewed in the favour of buyers. Around 2,889 stocks rose, 970 fell, and 93 remained unchanged on the BSE.
Nifty Reclaims 23,200, Sensex Up 1,300 Points As IT Stocks Lead: Midday Market Update
India's benchmark equity indices were up in trade for the third consecutive session on a day the central bank's monetary policy committee kept the key lending rates unchanged for the eighth time.
At 11:47 a.m. on Friday, the Nifty was 358 points or 1.57% up at 23,179.5, while the Sensex was 1,243 points or 1.66% higher at 76,317. Both the Nifty and the Sensex rose over 1.5% during the day to reclaim 23,000 and 76,500 respectively.
In the near term, the market is likely to be weighed down by the huge selling by the foreign institutional investors, which has touched Rs 24,960 crore cumulatively during the last three days, according to VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Therefore, the large caps in sectors like financials and IT, where the FIIs have huge assets under management, may underperform, he said. "This trend will change when the FIIs turn buyers, which is inevitable."
There is excessive speculative activity in stocks where the floating stock is very low, Vijayakumar said. "Retail investors venturing into these speculative activities is highly risky."
Paytm Locked In 10% Upper Circuit
Shares of One97 Communications Ltd. recorded their best session since August 7 2023 and were locked in it's upper circuit of 10% to hit their highest level in June.
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