Sensex gains 308 pts, Nifty above 23,050,led by IT, pharma stocks

The Indian share market traded positive on Friday, led by buying in IT, pharma and select heavyweight stocks.At close, the Sensex was up 308.49 points or 0.42 percent at 74,459.53, and the Nifty was up 116.35 points or 0.51 percent at 23,053.10.For the week, BSE Sensex and Nifty50 rose nearly 2 percent each.
Trent, Interglobe Aviation, HCL Technologies, Infosys, Sun Pharma were the top gainers on the Nifty, while losers included Adani Ports, Shriram Finance, Adani Enterprises, M&M, Coal India, according to agency reports.On the sectoral front,IT index gained 2.3%, Pharma index up 1.8%, while consumer durables, PSU Bank, energy, media down more than 1 percent each, while auto, Nifty Bank, FMCG, metal, realty down 0.5% each.The broader indices underperformed the main indices with Nifty midcap index falling 0.8 percent and smallcap index declining 1.8 percent.In this week, Nifty Midcap 100 and Nifty Smallcap 100 indices jumped 2.5 percent and 4 percent, respectively.
Rupee Close:
On 30 Oct'26,the Indian rupee appreciated 33 paise to close at 94.93 (provisional) against the US dollar on Friday, supported by a positive trend in domestic markets and a weaker US dollar, though elevated crude oil prices and weakness in broader markets capped sharper gains. Forex traders said both the currency and bond markets found additional support from softer crude oil prices and intervention by the central bank.
Trading Guide:
Market experts recommended  DLF, PNB, and Adani Green as the top stocks to buy on Friday.

(Business Correspondent)