Sensex rallied 1,534.16 points or 2.91% to 54,326.39 and
Nifty was up by 456.75 points or 2.89% to 16,226.15.

Also Read | Trade Setup: Top 15 things to know before market opens on May 23, 2022

Sensex touched a high and low of 54,396.43 and 53,403.29,
respectively. There were 30 stocks advancing against no stocks declining on the
index.

Also Read | Russia halts gas supplies to Finland after historic NATO bid

Nifty traded in a range of 16,283.05 and 16,003.85. There
were 48 stocks advancing against 2 stocks declining on the index.

The top gainers on the Sensex were Dr Reddy’s Lab up by
8.10%, Reliance Industries up by 5.77%, Nestle up by 4.74%, Tata Steel up by
4.22% and Larsen & Toubro up by 4.01%.

Also Read | NTPC Q4 Results: Net profit grows 14% to Rs 5,167 crore, revenue rises 25%

The top gainers on Nifty were Dr Reddy’s Lab up by 8.13%,
Reliance Industries up by 5.83%, JSW Steel up by 5.15%, Tata Motors up by 4.85%
and Nestle up by 4.77%.

On the flip side, Shree Cement down by 0.97% and UPL down
by 0.71% were the only losers.

Also Read | Why wealth inequality feeds into a poverty loop

Adani Power Limited, Chennai Petroleum Corporation
Limited, De Nora India Limited, Nippon India ETF Dividend Opportunities and
Esab India Limited have made fresh 52-week high on Friday.

AGI Greenpack Limited, AGS Transact Technologies Limited,
Container Corporation of India, Eldeco Housing and Industries Limited and Firstsource
Solutions Limited have hit a 52-week low on Friday.

Also Read | Economists expect more aggressive rate hikes from RBI after hawkish minutes

RELIANCE, INFY, DRREDDY, TCS, TATAMOTORS, RUCHI,
HDFCBANK, ITC, HDFC and ICICIBANK were the most active equities on NSE.

Godrej Agrovet Limited, Silgo Retail Limited, Surya
Roshni Limited, RKEC Limited and Mangalam Cement Limited were the top volume
gainers.

Also Read | In Sri Lanka, a looming food crisis creates hunger fears

21STCENMGM, 63MOONS, A2ZINFRA, AARVI and ADANIPOWER hit
the upper price band while AAKASH, ADROITINFO, AGROPHOS, ANTGRAPHIC and AVROIND
hit the lower price band. There were 157 securities that hit the upper band
while 49 hit the lower band on May 20, 2022.