The Indian stock market saw divergence in its benchmark indices for the second consecutive session, with Sensex closing in the red and Nifty in the green following sharp swings during the closing auction session (CAS). 20 pm.

The indicative prices of both the benchmark indices sharply tumbled, with Sensex plunging nearly 1,000 points within a few seconds, before making a sharp recovery. While Nifty managed to rec over all losses during the CAS, Sensex ended with marginal losses in the red despite a sharp rebound.

33% to end the session at 23,346 on Friday. 7%..

Check full lisHere's how analysts read the market pulseIndian equities extended their recovery as moderation in crude and global yields improved risk appetite, despite concerns around the continued geopolitical uncertainty. Investor sentiment was further supported by positive global cues following largely anticipated policy actions from major central banks, said Vinod Nair, Head of Research at Geojit Investments.

The rebound was broad-based across sectors, although IT stocks declined amid profit booking, as concerns lingered that prolonged higher-interest-rate could weigh on global tech spending, he added. While the recent moderation in oil prices and yields has provided near-term relief, the sustainability of the market recovery will depend on further easing of global macro risks and a meaningful revival in foreign investor inflows, the analyst further said..

39% on strength in technology stocks. 18% as elevated bond yields kept broader sentiment cautious.

European marketsEuropean markets closed sharply lower on Friday amid concerns over elevated interest rates and continued geopolitical uncertainty. 02.

Britain’s FTSE 100 also ended lower, with weakness across major European equities despite a retreat in crude oil prices. Most active stocks in terms of turnoverHDFC Bank (Rs 2,868 crore), Bharti Airtel (Rs 2,655 crore), Adani Gas (Rs 2,565 crore), Infosys (Rs 2,319 crore), RIL (Rs 1,867 crore), Lenskart Solutions (Rs 1,810 crore) and Syrma SGS Technologies (Rs 1,806 crore) were among the most active stocks on NSE in value terms.

Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day. 52-week highAmong the ones which hit their 52-week highs on NSE included Jyoti CNC Automation, Syrma SGS Technology, JSW Infrastructure, Apar Industries, ACME Solar Holdings, Emcure Pharmaceuticals and PVR Inox.