Behind the global markets, the Indian stock market continued to rise for the second day on Friday. The BSE Sensex closed at 57,990, up 355 points. Similarly, the NSE Nifty closed at 17,100, up 114 points. Stocks of IT, metal, pharma, real estate companies saw improvement today. On the other hand, shares of FMCG and automobile companies declined.
According to insiders, today’s correction is being attributed to increased buying in IT and banking stocks. Apart from this, the market also got support from the shares of metal and real estate sector. As global markets have improved, market sentiments in India have also improved. However, there was slight volatility in the market during the day. The bullish mood is likely to continue in the early days of next week.