FiNAL TRADE: Sensex ends 820 pts higher, Nifty reclaims 24,350 levels

Indian equities continued to trade higher amid improved global market sentiment. At the close, Nifty ended higher by over 1 per cent. The sentiment got a boost after better jobs data in the US. At the close., Nifty ended over 1 per cent or 250.5 points higher at 24,367.5 points, while the Sensex added 820 points or 1.04 per cent and settled at 79,705.91 levels. Meanwhile, broader indices underperformed with Nifty Midcap 100 index ending a notch lower.

Sectorally, all the indices ended in the green, with PSU Bank and auto pack leading the gainers list, gaining up to 2 per cent.

From the Nifty pack, top gainers included stocks like Eicher Motors, Shriram Finance, ONGC, Tech Mahindra and Tata Motors, while the top losers during the session were BPCL, HDFC Life, Kotak Mahindra Bank, Divi's Laboratories and Sun Pharma.

Vinod Nair, Head of Research, Geojit Financial Services on the markets performance today said, "Positive US jobless claims data eased the fears of recession and provided a favourable broader market reaction. The IT index outperformed in expectation of improved spending. Though the sentiment is gaining traction, lack of fresh triggers and subdued earnings will be a deterrent. To safeguard the sentiment, investors are advised to shift their focus from growth stocks to value stocks."

Shares of Eicher Motors after better-than-expected Q1 earnings emerged as the top Nifty gainer and ended higher by over 5 per cent at Rs 4,830.6.

Similarly, Ola Electric Mobility which made its way on the bourses today settled at 20 per cent upper circuit at Rs 91.2 per share. 

Meanwhile, European markets traded on a positive note clawing back their losses for the week. At the last count, French CAC was the most resilient with gains of 0.65 per cent.