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The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.

Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.

Bajaj Hindustan Sugar on Friday posted 31 per cent fall in consolidated net profit to Rs 90.56 crore during the fourth quarter of the 2023-24 fiscal on lower income. Net profit stood at Rs 130.91 crore in the same quarter of the previous financial year, as per the regulatory filing.

The Nifty Bank closed below the 50-DMA placed at 47,606, suggesting that there could be some selling pressure in the coming week. The Nifty Bank opened slightly higher and built on gains to reclaim 47,800 levels, but faced selling pressure in the second half of the trade.

There are five Nifty stocks that are still significantly distanced by over 25% from their respective year-high levels.

Its shares climbed as much as 7.8% after the results before trimming some gains to trade up about 6%. Rival Metropolis Healthcare was up about 2% and Thyrocare Technologies gained about 1%.

CAMS reported a 39% YoY increase in consolidated net profit to Rs 103.50 crore for Q4FY24, with revenue rising by 24.6% YoY to Rs 310.46 crore. A final dividend of Rs 16.50 per share was recommended.

​For the current financial year 24-25, we have set a target of around 57% and remaining 43% will be the corporate advance because we are one of the largest bank of the country.

Focusing on momentum and trendlines, ET Markets is organising a live interactive session with Rohit Srivastava, renowned for his extensive experience as Research Head and Fund Manager at Sharekhan.