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After a weak trading session through the day, the markets recovered in the latter half to close in the green on Friday.
The benchmark BSE Sensex closed at 25,642, up 80 points or 0.31 per cent. The Nifty settled at 7,664 mark, up 23 points or 0.31 per cent.
Alex Mathews, Head of Research, Geojit BNP Paribas Financial Service said: "After opening with a negative note on the back of escalating geopolitical tensions, the Indian markets reverse its direction on the selected sectors’ buying spree. The better than expected numbers from TCS helped the market to a greater extent to give support at lower levels. The IT stocks were up after the stellar earnings from IT major TCS. NBFC stocks were up on the RBI’s move to setting up both payment banks and small banks."
IT and banking were the gainers in the sectoral front for the day and closed up around 1.43 per cent and 0.77 per cent respectively. Power and consumer durables sector were hot the most and ended down around 1.34 per cent and 0.88 per cent respectively.
The volatility index, India VIX stood at 15.0950 up around 0.86 per cent.
TCS, IDFC, HCL Tech, Heromoto Corp and Kotak Bank were among the top gainers on NSE whereas Tata Power, Ambuja Cements, GAIL, Hindalco and BHEL were among the losers today.
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