Stock market news, Oct. 7 -- The Indian stock market on Friday ended on a positive note, with the Sensex rising by 582 points (0.72%) to close at 81,790, and the Nifty 50 increasing by 183 points (0.74%) to reach 25,078. This positive closing can be attributed to strong buying activity, particularly in the banking and IT sectors.

Private banks, including Kotak Mahindra Bank and Axis Bank, saw significant gains, which helped propel the market upward. The IT sector also performed well, with gains exceeding 2%, further boosting overall market sentiment.

According to Ashika Institutional Equities, the Nifty 50 has successfully surpassed the key psychological and technical resistance level of 25,000, indicating a decisively positive market s...