FX.co ★ Sensex, Nifty Rally; Auto And IT Stocks Top Gainers

Indian shares mirrored global trends and climbed higher on Friday, bolstered by robust U.S. retail sales data and favorable weekly jobless claim figures, which eased concerns of a potential recession in the world's largest economy.

Positive U.S. producer price and consumer price inflation reports this week further strengthened expectations for a 25-basis-point rate cut by the Federal Reserve in September.

The benchmark S&P BSE Sensex closed the session up by 1,330.96 points, or 1.68%, at 80,436.84. Meanwhile, the broader NSE Nifty index ended at 24,541.15, marking an increase of 397.40 points, or 1.65%, from its previous close.

Tata Motors, Mahindra & Mahindra, Grasim, Tech Mahindra, and Wipro were among the top performers, each rising between 3% and 4%.

Mid-cap and small-cap stocks also showed strong performance, with their respective indexes on the BSE increasing by 1.80% and 1.70%.

The market exhibited broad-based positivity, as 2,464 stocks advanced on the BSE, while 106 remained unchanged and 1,466 declined.