NIFTY50, SENSEX, and broader market indices surge, investor wealth increases by ₹5 lakh crore; is the worst behind us?

During the session, SENSEX hit a high of 78,107.23, while the NIFTY50 index touched the day's peak of 23,708.75.

With today's rally, the NIFTY50 has turned positive for 2025 (up 21 points, or 0.08%). Remember, the market rallied for all five sessions last week. Weekly, both SENSEX and NIFTY50 gained over 4%.

Foreign institutional investors (FIIs) net bought equities worth ₹7,470.36 crore on Friday, according to exchange data.

“Confidence is coming back. We are seeing a convincing recovery in various stocks, and this rally seems to have legs,” said Sonam Srivastava, founder of Wright Research in Mumbai. “There is an expectation of earnings bottoming out,” Srivastava added.

The enthusiasm was witnessed in the broader market too. The BSE MidCap index ended at 42,382.95, up 551.38, or 1.32%, while the BSE SmallCap index was trading at 47,851.52, up 554.71 points, or 1.17%.

Investors' wealth increased by ₹5.05 lakh crore as the m-cap of BSE-listed firms stood at ₹418.35 lakh crore against ₹413.30 lakh crore logged on Friday.

Sectorally, all the indices ended with impressive gains, with banking and utilities stocks gaining the most. The BSE BANKEX index ended at 59,644.74, up 1,471.52 points, or 2.53%, while the BSE Utilities index ended at 5,351.70, up 126.22 points, or 2.42%.