Mumbai: The BSE Sensex on Friday rallied 1,181.34 points to settle below 61K at 61,795.04 on strong global cues after the release of US inflation data in October, raising hopes that inflation has peaked.
The Nifty of the National Stock Exchange (NSE) too rose 321.50 points at 18,349.70.
The Sensex jumped 698 points at 61,311 in opening trade. It surged 1,227 points at 61,840.97, the day's high, before closing at 61,795.04, up 1,181.34 points from its previous close.
Stocks like technology, metal, IT and realty boosted the market.
In scrips, HDFC was a star gainer, up 5.84 per cent to Rs 2,651.25 followed by HDFC Bank by 5.62 per cent to Rs 1,610.95, Infosys by 4.51 per cent to Rs 1,570.05, Tech Mahindra by 3.64 per cent to Rs 1,058.60 and HCL Technology by 3.56 per cent to Rs 1,090.25.
The Mid Cap rose by 0.13 per cent and Small Cap by 0.33 per cent.
In 30 scrips, 22 advanced while 8 declined.