Sensex closes on Friday up 254 points after robust Q4 earnings

India inventory indices had been up on Friday following robust Q4 earnings from client and auto corporations.

At closing, Sensex was up 253 points or 0.34 per cent, at 73,917 points and Nifty was up 62 points or 28 per cent at 22,466 points.

The broader market indices had outperformed benchmarks. The Nifty midcap 100 index was up 451 points or 0.88 per cent, at 51,604 points and the Nifty smallcap 100 index was up 274 points or 1.65 per cent, at 16,870 points.

The India volatility index, India VIX was down 1.05 per cent at 19.79 points. Also, 19 out of 30 Sensex shares had been within the pink.

Mahindra & Mahindra, ExtremelyTech Cement, JSW Cement, Kotak Mahindra Bank, Maruti Suzuki, and NTPC had been the highest gainers. Whereas TCL, HCL Tech, Wipro, HUL and Nestle had been the highest losers.

Market consultants mentioned: “Despite blended world alerts and uncertainties surrounding the US Fed, the Indian market skilled a robust restoration, largely fuelled by the outperformance of the broader market and optimistic Q4 earnings.”

They added that some index heavyweight earnings surpassed expectations, and midcap and small-cap shares continued to exhibit shopping for curiosity throughout dips.

“Auto and client durables notably stood out with robust earnings momentum,” they mentioned.

(With inputs from IANS)