Sensex jumps 500 points; Nifty crosses 24,350 The Indian stock market witnessed widespread buying on Friday, April 17. As a result, the benchmark indices - Sensex and Nifty 50 - closed higher for the second consecutive week. The Sensex closed 505 points or 0.65% higher at 78,493.54, while the NSE's flagship index, Nifty 50, also rose 157 points (0.65%) to close at 24,353.55.
The Sensex closed 505 points or 0.65% higher at 78,493. The Nifty rose 157 points to close at 24,354, while the Bank Nifty rose 479 points to close at 56,566. The rupee strengthened 27 paise to close at 92.93 against the US dollar. Mid-cap and small-cap stocks outperformed the broader market; the Nifty Midcap 100 index rose 1.27%, while the Nifty Smallcap 100 index rose 1.48%.
Investors gained nearly ?5 lakh crore in a single trading session, as the total market capitalisation of companies listed on the BSE rose from ?461 lakh crore to around ?466 lakh crore. On a weekly basis, the Sensex rose 1.2%, and the Nifty rose 1.3%.