Nifty rises for 4th day, hits record high; defense stocks surge

Domestic markets notched solid gains on Friday, fueled by optimism surrounding the upcoming budget in July. The Nifty 50 plunged to 23,334.25 at the open but staged a dramatic comeback, reaching a record high of 23,490.40 by the closing bell. Auto and consumer durables stocks led the charge, while IT stocks weighed on the index.
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