Share Market Highlights: Sensex upup at 54,326.39 and Nifty ends at 16,266.20

Bulls made a fantastic Friday comeback on Dalal Street, as Indian benchmark indices erased previous day losses and ended nearly 3% higher on the back of gains in Asian markets and US equity futures.

The BSE Sensex closed at 54,326.39, up 1,534.16 points or 2.91 percent, and the NSE Nifty 50 closed at 16,266.20, up 456.80 points or 2.89 percent.

Metal, pharma, capital goods, PSU bank, and realty indices all finished in the green, with metal, pharma, capital goods, PSU bank, and realty indices all up 3-4 percent.

The BSE midcap and smallcap indices rose 2% each in the broader markets. With the end of the results season, the focus will shift to macro data points such as inflation data, monetary policy tightening, and central bank rate hikes.

Source:FE