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Sensex surged over 1,000 points, and Nifty exceeded 24,350, fueled by positive U.S. labor data and Chinese inflation figures. Gains were observed across all sectors, led by Tech Mahindra and Tata Motors. Declining oil prices also contributed to improved market sentiment by potentially reducing global inflationary concerns.

Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2864.47 Crore) operating in Auto Ancillaries sector.

Eleven stocks, such as Aditya Birla Capital and Punjab National Bank, were banned from F&O trading on Friday for surpassing market-wide position limits. Granules India and Chambal Fertilizers exited the ban. Stock restrictions are lifted once the open interest falls below 80%. Indian equity indices Nifty and Sensex closed lower due to market volatility.

On Thursday, benchmark indices dropped nearly 1% after the Reserve Bank decided to keep the policy rate steady. Analyst Kushal Gandhi advised existing investors to hold Symphony, which surged 10.35%. However, he suggested caution for Apollo Tyres and Shree Cement, which experienced declines of 1.48% and 3.66%, respectively.

The 200-day DMA is used as a key indicator by traders to determine the overall trend of a stock.

Blackstone sold more than 33 crore units of Nexus Select Trust at Rs 135 per unit, earning $530.6 million. Its stake dropped from 43.1% to 21.3%. A 15% stake remains locked up until May 2026, and 6.3% is voluntarily locked for nine months. Nexus Select Trust, established in 2015, operates 17 malls in 14 cities.

GLOBAL-Oil set for 3% weekly gain on rising Mideast tensions, better US outlook

The dollar reached a one-week high as US jobless claims fell, easing worries about an economic downturn. Improved employment data led to reduced bets on Federal Reserve interest rate cuts. The yen and Swiss franc dropped while riskier currencies, such as the Australian dollar and sterling, maintained strong gains.

The Securities and Exchange Board of India (Sebi) fined Nippon Life India Asset Management Company and its trustee ₹3 lakh for TER rule violations. Sebi discovered that the asset manager charged insufficient expenses to the actual expenses incurred by five ETFs. Nippon Life AMC defended the charges, stating there was no clear restriction on AMC bearing such expenses.