Market wrap: Top gainers and losers on Nifty and Sensex today

The Indian stock market recorded a sharp surge on Friday, with Sensex and Nifty rising more than 1% each to extend gains for the second consecutive session. This came as in-line earnings from IT heavyweight TCS, positive global cues and other factors boosted investor sentiment.

The Sensex jumped 828 points to close at 77,569, while the Nifty 50 advanced over 244 points to end the session at 24,206, extending gains for the second consecutive session. The rally added nearly Rs 6 lakh crore to the combined market capitalisation of all BSE-listed companies, taking it to nearly Rs 482 lakh crore.

Here are today’s top gainers on Nifty

Here are today’s top gainers on Sensex

Here are today’s top losers on Nifty

Here are today’s top losers on Sensex

What lies ahead?

After a brief interim correction, the market appears to be on track for a strong recovery, said Vinod Nair, Head of Research at Geojit Investments. He noted that positive business updates from banks, along with a constructive outlook for the IT sector driven by in-line estimates, a potential rebound in global spending, and AI-related opportunities, have set the stage for an optimistic start to the Q1 earnings season.

“A continuation of better-than-expected Q1 results should help alleviate concerns about future earnings growth. This can further the current uptrend which is supported by a broad-based rally, with strong participation from sectors such as real estate and metals,” he further said.