MUMBAI: The domestic equity indices ended the session higher on Friday, amid buying in PSU banking, consumer durables and private banks' stocks.
Sensex ended the session at 81, 207.17, up 223.86 points or 0.28 per cent. The 30-share index started the session lower at 80, 684.14 against last session's closing of 80, 983.31. However, the index returned in green following buying in banking and metal stocks, touching an intra-day high at 81, 251.99.
Nifty closed at 24, 894.25, up 57.95 points or 0.23 per cent.
The Nifty extended its pullback for the second straight session, crossing above its key 50-DMA at 24, 830 and forming a bullish candle on the daily chart. After last week’s steep decline, the index displayed signs of recovery by closing above the 24, 800 mark, said analysts.
Looking ahead, a gradual move towards 25, 200 seems probable, and a decisive breakout beyond this level could open the path for an extended rally towards 25, 500, they added.
Tata Steel, PowerGrid, Kotak Bank, Axis Bank, L&T, BEL, Titan, Asian Paint, NTPC and SBI were top gainers from the Sensex basket. Tech Mahindra, Maruti, Ultratech Cement, Bajaj FinServ, Sun Pharma, ICICI Bank and Eternal settled lower.
Most of the sectoral indices inched higher amid buying sentiment. Nifty FMCG jumped 65 points or 0.12 per cent, Nifty IT escalated 44 points or 0.13 per cent, Nifty Bank increased 241 points or 0.44 per cent, and Nifty Fin Services ended the session 44 points or 0.17 per cent higher.