Quick Highlights:
1. Sensex up 370 points; Nifty above 24,400.
2. Adani Ports up 6%—biggest gain in 5 months; Bajaj Finserv, Asian Paints also surge.
3. Banking sector only laggard—down 0.87% on BSE, 0.36% on NSE.
4. Emkay upgrades Marico, ABB India, GE Vernova T&D, and Hitachi India with up to 32% upside.
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Mumbai: Indian markets surged on Friday with the Sensex gaining 370 points and the Nifty crossing the 24,400 mark, driven by strong performances in auto, telecom, FMCG, and oil & gas sectors—all up 1%. Adani Ports led the rally with a 6% jump, marking its best single-day gain in five months, while Bajaj Finserv and Asian Paints also posted notable advances.
On the flip side, the banking sector was the only drag on the indices, slipping 0.87% on the BSE and 0.36% on the NSE. Kotak Mahindra Bank, SBI, and ONGC were among the top losers.
In the broader market, BSE Midcap and Smallcap indices rose by 0.5% each. Emkay Global upgraded Marico to ‘Buy’ with a target of ₹810 (13% upside) and initiated coverage on ABB India (₹6,100 target), GE Vernova T&D (₹2,050 target), and Hitachi India (₹16,870 target), projecting up to 32% gains.
Paytm shares also rose over 3% ahead of their quarterly results announcement.
<p>The post Stock Market LIVE: Sensex Jumps 370 pts, Nifty Above 24,400; Adani Ports, Bajaj Finserv Lead Gains first appeared on toplivenews.com.</p>
