Heavyweight stocks experienced declines in November but made a notable recovery on Friday. The rebound was fueled by increased buying interest in sectors such as auto, pharma, energy, and infrastructure. Key players like Reliance Industries, HDFC Bank, and Tata Consultancy Services (TCS) contributed to the resurgence.
HDFC Bank, a leading name in the banking sector, saw its shares rise by 0.63% on the NSE, reaching an intraday high of Rs 1,804.60. The stock is now just under 2% away from its 52-week high of Rs 1,836.10, indicating strong market confidence in its performance.
The BSE Sensex closed at 79,765.05, surging by 721.31 points or 0.91%, while the NSE Nifty settled at 24,122.70, gaining 208.50 points or 0.87%.
The recovery followed the market's sharpest drop in nearly two months on November 28.
Overall, the recent market trends have shown a positive turnaround, with heavyweight stocks making a notable recovery. Increased buying interest in sectors such as auto, pharma, energy, and infrastructure has contributed to this rebound. Key players like Reliance Industries, HDFC Bank, and Tata Consultancy Services (TCS) have played a significant role in the resurgence. HDFC Bank, in particular, has seen a rise in its shares, indicating strong market confidence in its performance.