Mumbai, May 20: Recovering from a sharp slump the previous day, the Sensex and Nifty rallied sharply on Friday amid strength in Asian markets and US equity futures.
The BSE Sensex rose over 1,200 points and was seen testing the 54,000-mark, while the NSE Nifty climbed nearly 400 points and was within striking distance of 16,200 level.
The broader markets were also firm with the BSE MidCap and SmallCap indices rising up to 1.8 per cent each.
All sectors logged strong gains with Metals, Auto, Energy, Pharma, Media, Bankex and Realty indices on the BSE up 2-3 per cent each.
