Stock Market Today : The local stock market returned to a boom on Friday and the BSE Sensex jumped 1,961.32 points to regain the level of 79,000. After the decline, the market got support from all-round buying at the lower level. Strong buying by domestic institutional investors and a strong trend in the US market also kept the market bullish. The BSE Sensex based on 30 stocks jumped 1,961.32 points or 2.54 percent to close at 79,117.11 points. During trading, it had climbed up to 2,062.4 points at one time. The National Stock Exchange's Nifty also closed at 23,907.25 points with a gain of 557.35 points or 2.39 percent. All 30 stocks included in the Sensex were in profit. Every week, the BSE Sensex rose 1,536.8 points while the NSE Nifty gained 374.55 points.

Stock Market Today News: All-round buying in the market

Vinod Nair, Head of Research, at Geojit Financial Services, said that the market witnessed buying all around, led by the shares of big companies. The reason for this is that their valuation has become somewhat attractive. Also, their financial results are expected to be better in the second half of the year. He said that the global markets were bullish due to the fall in the inflation rate in Japan in the month of October and the stimulus package of 39,000 billion yen, which had a positive effect on the domestic market. The domestic market got relief due to some softening of the political situation at the global and domestic levels.

Stock Market Today News: These companies' shares rise

Among the Sensex stocks, State Bank of India, Tata Consultancy Services, Titan, ITC, Infosys, Larsen & Toubro, Reliance Industries and Bajaj Finance were the main gainers. Motilal Oswal Financial Services Ltd. Head (Research and Asset Management) Siddharth Khemka said that buying at lower levels in the shares of major companies including Reliance supported the market. Strong buying was seen in Reliance Industries, IT, and technology stocks.

Stock Market Today News: Shares of all Adani Group companies rose

Most of the listed companies of Adani Group remained in profit. Shares of group companies fell sharply on Thursday after Gautam Adani and others were accused of alleged bribery in the US. Ambuja Cement rose 3.50 percent, ACC 3.17 percent, Adani Enterprises 2.16 percent, Adani Ports 2.05 percent, Adani Total Gas 1.18 percent, and NDTV 0.65 percent on the BSE.

The BSE Midcap index, representing mid-cap companies, rose 1.26 percent, while the BSE Smallcap index, associated with small companies, rose 0.90 percent. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 5,320.68 crore on Thursday, while domestic institutional investors (DIIs) bought shares worth Rs 4,200.16 crore.

In other Asian markets, South Korea's Kospi and Japan's Nikkei were in gains while China's Shanghai Composite and Hong Kong's Hang Seng were in losses. Major European markets declined in the afternoon. US markets closed with gains on Thursday. Global oil benchmark Brent crude rose 0.19 percent to US $ 74.37 per barrel. BSE Sensex was down 422.59 points and NSE Nifty was down 168.60 points on Thursday.