The Indian Stock market indexes closed with substantial gains on Friday. The domestic markets began trading higher, buoyed by positive global cues, but swiftly fell into negative territory in the morning session. However, the markets regained their footing in the afternoon session, gradually climbing higher throughout the rest of the session.
The Indian Stock market witnessed a positive end on Friday as Nifty reclaimed the 18000 level and Sensex closed above 61000 mark. The day started with the markets opening higher, following positive global cues, but slipped to negative territory in the morning session. However, the markets bounced back in the afternoon session and continued to rise gradually throughout the session. All sectoral indices on NSE closed in the green, indicating a positive market sentiment ahead of the long weekend. The market breadth remained strong throughout the day with an advance-decline ratio of 3:1 at the close, indicating a majority of advancing stocks. The broader markets outperformed the frontline index, as the Nifty mid and smallcap indexes gained 1.24 percent and 0.83 percent respectively.
The Indian domestic markets will remain shut on Monday, May 1, as it is observed as a public holiday on account of Maharashtra Day. However, the trading activities will resume on Tuesday, May 2.