Markets gain amid volatility,Nifty holds above 24,300

The Sensex closed with modest gains in a volatile session on Friday, while the Nifty ended around 24,350, lifted by positive momentum in technology, media, and oil & gas stocks.At close, the Sensex was up 259.75 points or 0.32 percent at 80,501.99, and the Nifty was up 12.50 points or 0.05 percent at 24,346.70.
Adani Ports, IndusInd Bank, Bajaj Finance, Reliance Industries, SBI were top gainers on the Nifty, while losers included JSW Steel, Eicher Motors, Bajaj Auto, Hero MotoCorp, HDFC Life.On the sectoral front, media, energy, IT, oil & gas up 0.3-0.7 percent, while power, metal, telecom, pharma, realty, consumer durables down 0.5-2 percent.BSE Midcap index was down 0.4 percent, while smallcap index ended flat,according to information. For the week, BSE Sensex rose 1.6 percent and Nifty50 added 1.2 percent.
Market This Week:
● Market gains for 3rd straight week, longest streak since December 2024,
●Sensex, Nifty & Nifty Bank gain 1% each, Midcap index up 0.3%,
●Oil & Gas is top gaining index led by Reliance Industries,
●RIL is top Nifty gainer, rises 10% to record the best week in 5 years.
Rupee Close:
On 2 May'25,the Indian rupee on Friday registered a seven-month high and rose past the 84 per dollar level on sustained foreign fund inflows and stronger domestic data, but pared the gains and settled for the day higher by just 1 paisa at 84.53 against the greenback,according to information.
In a highly volatile trade, the rupee on Friday touched an intra-day high of 83.76 the highest levels since October 2024 but failed to sustain the momentum and ended the session on a flat note with gains of just 1 paisa.
Forex traders reportedly stated goods and services tax (GST) collections for April were robust at Rs 2.37 lakh crore, an all-time high, reflecting the health of domestic demand. Moreover, strong PMI data, wherein India's manufacturing sector growth hit 10-month high in April, enthused investors further.
Trading Guide:
Market experts recommended four shares to buy -MMTC, Suzlon Energy, NMDC, and HFCL.

(Business Correspondent)