Share market closing: Sensex Nifty rises over 2% as markets close FY23 on strong global trends.

share market closing: With an almost 2% increase on Friday, the benchmark indices extended their winning streak to two days amid a strong global market on the final day of the fiscal year 2022–23. BSE Sensex soared 1,031.43 points or 1.78 percent to reach 58,991.52 in the final minutes. It increased by 1,108.38 points, or 1.91 percent, to 59,068.47 over the day. To finish at 17,359.75, NSE Nifty gained 279.05 points, or 1.63 percent.

For the month, Sensex declined by 0.71 per cent and the Nifty was down by 0.52 per cent. In the quarter ended March 2023, the Sensex declined 3 per cent and the Nifty took a bigger knock of 4 per cent.

Among the Sensex firms, Reliance Industries emerged as the biggest gainer as it jumped over 4 per cent. Nestle, Infosys, ICICI Bank, Tata Motors, Tata Consultancy Services, HCL Technologies, Tech Mahindra and Axis Bank were the other major winners.

The top gainers on the Nifty included Reliance Industries, Nestle India, Infosys, ICICI Bank and Tata Motors, while losers included Apollo Hospitals, Adani Ports, Sun Pharma, Asian Paints and Bajaj Finance.All sectoral indices ended in the green. The information technology index up 2.5 percent, while auto, bank, FMCG, capital goods, realty and oil & gas up a percent each.

The rupee appreciated 17 paise to 82.17 against the US dollar on Friday as foreign capital inflows and a rally in domestic stocks bolstered investor sentiment.

Foreign Portfolio Investors (FPIs) were net buyers on Wednesday as they bought equities worth 1,245.39 crore, according to exchange data.

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