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The 50-stock Nifty settled above the 19500-mark at 19525.55 points, up 100.20 points or 0.5% from the previous session. The 30-stock Sensex gained about 355 points or 0.5% to settle at 65259.45 points. While all the sectoral indices ended in the green on the BSE, those topping the list were smallcaps and indices representing PSU companies.
On the festive eve, bulls pushed the BSE Sensex 355 points, or 0.55 per cent higher, to 65,259.45. NSE's Nifty50 gained 100.20 points, or 0.52 per cent, to end the Muhurat trading session at 19,525.55.
With a surge of 440 per cent, Lloyd Enterprises is the top gainer. Its shares have climbed to Rs 38.46 on November 7 from Rs 7.12 on March 31
After a tumultuous few days the market rose this week buoyed by US Federal Reserve's decision to maintain a steady interest rate, a reduction in US bond yields, and stable crude oil prices. However, amidst this recovery, India's manufacturing data for October weakened. Nonetheless, the market received support from good Q2 results.
“We expect the second half of the year to be better than the first half which we have been maintaining. The bottoming out of the demand situation has happened and there is a slight recovery in some of the markets that we are operating in. It remains a very challenging demand environment.”