Sensex today | Stock market highlights: Sensex up 965 points, Nifty tops 24,300 as banking, IT and Reliance leaders; midcaps work lower

Sensex today | Highlights of the stock market:Indian stock indices ended Friday significantly higher, with the Sensex gaining 965 points to 78,151 and the Nifty gaining 262 points to close at 24,334, led by strong buying in banking, IT and Reliance Industries.

The Bank Nifty rose 939 points, or more than 1.5%, to 58,521 ahead of heavy bank earnings, while the broader market lagged as the Nifty Midcap index fell 259 points to 62,428.

Reliance Industries, ICICI Bank and HDFC Bank were the biggest contributors to the Nifty’s gains. Tech Mahindra rose 5% after reporting strong June performance, while Jio Financial Services rose more than 3% on healthy quarterly earnings. In contrast, Wipro ended 1% lower after a weaker-than-expected quarterly performance.

Among individual stocks, Central Bank rose 7% after reporting 15% year-on-year loan growth, Kalyan Jewelers extended its weekly rally to 21%, and Bharat Forge rose 4% on a positive reading from GNA Axles.

Real estate stocks also advanced, with DLF and Prestige Estates up around 3% each, while 360 ​​One WAM added 3% following positive management comments.

Polycab fell 4% despite positive comments from management, KEI Industries also fell, and capital market stocks remained under pressure with BSE down 3%.

The market breadth remains weak, with the forward decline ratio at 2:3, indicating a further decline in stocks.

Watch this space for all stock market highlights.