Indian shares mirrored global trends and climbed higher on Friday, bolstered by robust U.S. retail sales data and favorable weekly jobless claim figures, which eased concerns of a potential recession in the world's largest economy.
Positive U.S. producer price and consumer price inflation reports this week further strengthened expectations for a 25-basis-point rate cut by the Federal Reserve in September.
The benchmark S&P BSE Sensex closed the session up by 1,330.96 points, or 1.68%, at 80,436.84. Meanwhile, the broader NSE Nifty index ended at 24,541.15, marking an increase of 397.40 points, or 1.65%, from its previous close.
Tata Motors, Mahindra & Mahindra, Grasim, Tech Mahindra, and Wipro were among the top performers, each rising between 3% and 4%.
Mid-cap and small-cap stocks also showed strong performance, with their respective indexes on the BSE increasing by 1.80% and 1.70%.
The market exhibited broad-based positivity, as 2,464 stocks advanced on the BSE, while 106 remained unchanged and 1,466 declined.
