Mumbai: Equity benchmark index Nifty hit its lifetime peak before closing 182 points higher on Friday, and the BSE Sensex jumped 573 points, powered by strong buying in power, banking and metal stocks. Unabated capital infusion by domestic institutional investors amid a sharp rally in Asian peers also supported the domestic stock market, traders said.

Charting out a firm trend, the 30-share BSE Sensex climbed 573.41 points or 0.67 per cent to settle at 85,762.01. During the day, it jumped 623.67 points, or 0.73 per cent, to 85,812.27. A total of 2,772 stocks advanced, while 1,449 declined and 150 remained unchanged on the BSE. Rising for the third-straight session, the 50-share NSE Nifty went up by 182 points, or 0.70 per cent, to 26,328.55. During the day, it surged 193.45 points, or 0.73 per cent, to reach an all-time peak of 26,340.

"After the New Year holiday, the global markets initiated 2026 on a positive note, while strong domestic automobile sales helped Indian equities to touch a fresh all-time high. Investor sentiment remains broadly constructive as attention turns to Q3 earnings, which are expected to guide near-term market direction," Vinod Nair, Head of Research, Geojit Investments Limited, said.

On the weekly front, the BSE benchmark jumped 720.56 points or 0.84 per cent, and the Nifty climbed 286.25 points or 1.09 per cent. From the 30-Sensex firms, NTPC, Trent, Bajaj Finance, Power Grid, Maruti, State Bank of India, ICICI Bank and Bharat Electronics were among the biggest gainers. In contrast, ITC, Kotak Mahindra Bank, Titan Company, Axis Bank and Bharti Airtel were the laggards.