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Closing Bell: Sensex Reclaims 213 Pts, Nifty Ends Above 24,893; IT, Metal Stocks Gain

Stock Market Live Updates: As of 2 PM on Friday, market is moving in a range-bound manner. The BSE Sensex was hovering around 80,997.30, up marginally by 13.98 points (0.017%) for the day, while the Nifty 50 stood at 24,829.55, down 6.75 points (0.027%)

Earlier, the Indian stock market is likely to open on a flat note on Friday, indicated Gift Nifty today. Nifty and Sensex ended in green on Wednesday by snapping their 8-day losing streak. The surge in Nifty and Sensex came after the Reserve Bank of India (RBI) announced to keep the repo rate cut steady in October.

Closing Bell: Sensex Reclaims 213 Pts, Nifty Ends Above 24,893

Nifty ended 225 points higher at 24,836 points, likewise, BSE Sensex ended higher at 715 points at 80,983 points. "Indian equity markets staged a strong rebound after eight consecutive sessions of decline, with the Nifty50 closing 225 points higher at 24,836 (+0.9%). Banking and financial stocks led the upmove, as the Nifty Bank and Nifty Financial Services indices gained over 1% each, supported by the RBI's dovish stance that hinted at future rate cuts. Barring the PSU Bank index, which slipped 0.4% on profit-booking after its recent rally, all other sectoral indices ended in the green," noted Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

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"Auto and FMCG names are expected to gain traction on the back of strong rural demand after IMD reported India's best monsoon in five years (8% above the Long Period Average); together with support from the GST rate cuts. Meanwhile, investors will keep a close watch on the ongoing announcements of auto sales for Sep'25. While Indian equity markets will remain closed on Thursday for Dussehra and Gandhi Jayanti, we expect positive momentum to sustain on Friday, supported by an accommodative monetary policy, favourable monsoon season and festive-led boost in demand," he added.

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