Sensex ends a four-day losing streak, rising 345 points, and Nifty settles near 16,050.

The 30-share BSE Sensex gained 345 points or 0.65% to end the day at 53,761 while the larger NSE Nifty gained 111 points or 0.69 to end the day at 16,049 on Friday.

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Today’s higher closing price ended the four-day losing streak for Indian equities benchmarks. Domestic indices resumed their upward trend, driven by a significant increase in stock purchases of consumer goods and car companies. The increases were restrained, nevertheless, by a decline in metal prices and state-owned banks.

The fast-moving consumer goods (FMCG) index rose as a result of oil trading below $100 per barrel. Brent was trading marginally higher Thursday at $99.82, still beneath the symbolic $100 level.

FMCG companies are relieved by a drop in commodity prices.

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The 30-share BSE Sensex gained 345 points or 0.65% to end the day at 53,761 while the larger NSE Nifty gained 111 points or 0.69 to end the day at 16,049 on Friday.

The Nifty Midcap 100 increased by 0.77 percent, and small-cap shares increased by 0.37 percent, as mid- and small-cap equities concluded on a good note.

The National Stock Exchange’s compilation of 15 sector gauges, 12 of which reached positive closing values. By increasing by up to 1.47 percent and 2.03 percent, respectively, the sub-indices Nifty FMCG and Nifty Auto outpaced the NSE platform.

Nifty Metal, Nifty PSU Bank, and Nifty IT all experienced declines of up to 0.81 percent, 0.43 percent, and 0.15 percent, respectively.

In terms of individual stocks, Tata Consumer Products was the biggest Nifty gainer, rising 3.27 percent to Rs 790.90. Among the winners were Tata Motors, L&T, Titan, Hindustan Unilever, and Hindustan Unilever.

1,776 shares on the BSE climbed while 1,505 fell, resulting in a positive total market breadth.

With their shares rising as much as 2.87 percent, HUL, Titan, Maruti, L&T, HDFC, M&M, Nestle India, Bharti Airtel, Bajaj Finance, Asian Paints, UltraTech Cement, and ITC were among the top gainers on the 30-share BSE index.

On the other hand, companies including Tata Steel, PoweGrid, HCL Tech, Wipro, Dr. Reddy’s, Axis Bank, IndusInd Bank, TCS, Tech Mahindra, Sun Pharma, SBI, and ICICI Bank had negative results.

The largest domestic financial investor and insurer in the nation, Life Insurance Corporation of India (LIC), had its shares drop 0.51 percent to conclude the day at Rs708.55.