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The Nifty Auto index closed 0.97 per cent up at 12927.95.

Titan Company on Friday reported a 13-fold jump in year-on-year (YoY) net profit at Rs 793 crore in the June quarter compared with Rs 61 crore profit in the same quarter last year.

Hareesh V, Head of Commodities, Geojit Financial Services said geopolitical worries and weak economic activities across the globe are the key reasons that pushed the gold prices higher.He added inflation numbers would decide the future course of action by the Federal Reserve in terms of rate hikes to curb inflation amid the ongoing economic slowdow

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“We are getting into the festive half of the year – July-August-September and the October-November-December quarters tend to be seasonally better quarters for us. So we remain cautiously optimistic for the rest of the year. Nykaa Fashion has grown faster than beauty having delivered almost a 59% growth in GMV year over year. That business continues to grow and gain traction.”

"Current valuations provide a good entry point for long-term investors. At current levels, stock picking and sector rotation would be keys to achieving outperformance," domestic brokerage Axis Securities said in its monthly strategy report.

The 30-share pack Sensex advanced 465.14 points or 0.80 per cent to close at 58,853.07. Its broader peer, Nifty50, added 127.60 points or 0.73 per cent to close comfortably above the 17,500 mark. The benchmark has managed to close above 17,500 for the first time since April 12, 2022.

In May, the government had scrapped the BPCL divestment process as there was just one bidder left in the fray after the two others dropped out due to their inability to tie up funds for the acquisition, an official said. New Delhi had put up its entire 52.98 per cent stake in BPCL for divestment.

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 67755.83 Crore) operating in FMCG sector.

A total of 79,688 shares changed hands on the counter till time (IST).