Amid conflicting global cues on Friday, the country's key equity indexes, the Sensex and the Nifty 50, closed the day higher for the third straight day.
During the Friday session, the Nifty 50 closed at 22,096.75, up 84.80 points or 0.39%, while the 30-share BSE Sensex finished higher by 190.75 points or 0.26% at 72,831.94 level.
After a prior drop, stocks recovered last week. Most industries gained impetus as a result of the Federal Open Market Committee's (FOMC) dovish comments, according to Santosh Meena, Head of Research at Swastika Investmart Ltd. The largest gainers were car, metal, and real estate businesses, all of which had increases of about 5%.
However, when Accenture cut its projection, the information technology (IT) sector reversed the trend and plunged more than 6%.
The small- and mid-cap company indexes had substantial rises, offering comfort to investors in the larger market. Meena clarified that the Nifty Midcap index, in particular, showed a noteworthy rebound from its 100-day moving average (DMA).
The domestic equities market will be closed on Monday in observance of Holi and on Friday due to Good Friday, hence the next week's trade will be abbreviated.
