The 30-share BSE Sensex pack surged more than 1,100 points to trade above 78,250 level, while the broader NSE Nifty index moved up 351 points to trade at 23,701.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

After two months of intense selling pressure, India’s equity market staged a significant rally on Friday, with benchmark indices BSE Sensex and NSE Nifty 50 sur

The weekly performance turned green eventually for these two benchmarks, which was earlier dragged by the escalation of war between Russia and Ukraine coupled with investors demand for dollar and treasury yields.

Indian stock markets surged on Friday, with the Sensex soaring over 2,000 points and Nifty50 reclaiming the 23,900 mark. Strong US job market data, a rebound in Adani Group shares, and positive investor sentiment fueled the rally.

The rally was spearheaded by banking and financial heavyweights like ICICI Bank and SBI, along with IT majors such as Infosys and TCS

The BSE Sensex stood at 78,338.95, up 1,183.16 points, or 1.53 per cent. The BSE Nifty soared 492.40 points, or 2.11 per cent, to 23,842.30.