Sensex ends nearly 2,000 points higher, Nifty above 23,900
India TodayBenchmark stock market indices gained sharply during Friday’s trading session, ending the week on a positive note after facing turbulence due to several factors. Vinod Nair, Head of Research, Geojit Financial Services, said, “The market witnessed a significant broad based rally, from the oversold territory, predominantly led by large-cap stocks, as their valuations appeared appealing with expectations of improvement in corporate earnings in the second half of the fiscal year.” “Positive momentum was also observed in global markets, due to modest decline in Japan's October inflation and 39 trillion yen stimulus package. Meanwhile, Vishnu Kant Upadhyay, AVP - Research and Advisory at Master Capital Services, said, “The key benchmark indices witnessed a significant rebound, with the Nifty50 gaining over 500 points and the BSE Sensex surging 2,000 points. This would mark the BJP-led NDA’s second consecutive state assembly win, following Haryana, which is seen as a positive signal for renewed government-led capital expenditure initiatives,” he added.