Indian Market: Sensex jumps 1328.51 points

The Nifty of National Stock Exchange (NSE) too gained 410.45 points to close at 16,658.40. Sliding over 2700 points on Thursday, the BSE Sensex smartly recovered 792 points to open at 55,321.72.

During the day it spurted 1654 points to 56,183, the days high, before closing at 55,858.52, surging 1328.51 points from its previous close.

The Sensex registered the days high and low at 56,183.70 and 55,299.28 respectively.

The Nifty recorded the days high and low at 16,748.80 and 16,478.30 respectively.

The sectoral indices like Metal, Utilities, Realty, Materials and Power stocks boosted the market.

In scrips, Tata Steel was a star gainer, up by 6.54 per cent to Rs 1145.20 followed by IndusInd Bank by 5.83 per cent to Rs 926.90, Bajaj Finance by 5.16 per cent to Rs 6968, NTPC by 4.91 per cent to Rs 130.30 and Tech Mahindra by 4.26 per cent to Rs 1389.50.

The losers were Nestle India Ltd by 0.25 per cent to Rs 17,684.05 and Hind Unilever by 0.02 per cent to Rs 170.55.

The Mid Cap rose by 4.07 per cent and Small Cap by 4.17 per cent. In 30 scrips, 28 advanced while 2 declined.

European stocks increased on Friday tracking a fragile global rebound as market participants assessed the impact of Western sanctions against Russia after the Kremlin launched an invasion of Ukraine.

The pan-European Stoxx 600 was up around 0.7 per cent. Asian market too rose as Japan's Nikkei was up 225 up almost 2 per cent.

Kospi in South Korea went up one percent and the S&P/ASX 200 in Australia edged up 0.1 per cent. The Shanghai composite too improved 0.54 per cent.