Market Wrap: Nifty and Sensex Close in Green, Telecom Equipment Sector Shines
By ScanX News Team
Indian stock markets closed positively on Friday, with Nifty 50 up 0.32% at 25,631.05 and BSE Sensex gaining 0.36% to 84,058.90. Telecomm Equipment & Infra Services sector led gains (+2.10%), while Packaging sector declined (-4.71%). Market breadth was positive with 2,416 advancing stocks out of 4,375 traded. Confidence Petroleum India secured major LPG contracts but saw a 7.94% stock decline.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a positive note on Friday, with both the Nifty 50 and BSE Sensex posting gains. The Nifty 50 closed at 25,631.05, up 82.05 points or 0.32% from its previous close. Meanwhile, the BSE Sensex finished at 84,058.90, registering a gain of 303.03 points or 0.36%.
Sectoral Performance
Top Performing Sectors
- Telecomm Equipment & Infra Services (+2.10%)
- Education (+1.89%)
- Diamond, Gems and Jewellery (+1.27%)
- Capital Markets (+1.10%)
Underperforming Sectors
- Packaging (-4.71%)
- Castings, Forgings & Fasteners (-2.32%)
- Aviation (-1.55%)
- Steel (-1.37%)
- Engineering Services (-1.13%)
Buzzing Stocks
Confidence Petroleum India Ltd made headlines today, securing LPG bottling contracts worth ₹42.09 crore from BPCL, HPCL, and IOCL. Despite this positive news, the stock experienced a significant decline, falling 7.94% to close at ₹50.99 on the NSE.
Market Breadth
The overall market breadth remained positive, with more stocks advancing than declining:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,375 |
| Advancing | 2,416 |
| Declining | 1,959 |
Conclusion
In summary, the Indian stock markets ended the week on a positive note, with both benchmark indices showing gains. The Telecomm Equipment & Infra Services sector led the rally, while the Packaging sector faced the most significant setback. Despite some individual stock volatility, the overall market sentiment remained optimistic, as reflected in the positive market breadth.
15
