After being on a slippery slope for six sessions, stocks found their feet on global cues offered by resilient US data along with bargain hunting by domestic investors.

The relief rally saw the BSE Sensex rising 634.65 points or 1.01 per cent to end at 63782.80 after zooming nearly 765 points to an intra-day high of 63913.13. The broader Nifty regained the 19000-level to end the week at 19047.25, a rise of 190 points or 1.01 per cent.

Investors overlooked the Israel-Palestine conflict and took heart from the encouraging US GDP data which grew 4.9 per cent in the third quarter against expectations of around 4.2 per cent growth.

Global shares also increased on Friday as a US core inflation report signalled price pressures are continuing to diminish.

Better than-expected results from companies such as Cipla, Dr Reddy’s and Maruti Suzuki also supported the rally, analysts said.

They cautioned that given the geopolitical tensions, stocks are likely to remain volatile.

“Domestic equities ended higher following positive global cues. The US economy showed strong resilience. On the domestic front, heavyweights such as Maruti, Cipla and Dr Reddy’s came out with robust results,’’ Siddhartha Khemka, head — retail research, Motilal Oswal Financial Services, said.

All the sectoral indices ended in the green, with the S&P BSE utility index rising 2.22 per cent. It was followed by power (2.04 per cent), services (1.79 per cent), industrial (1.63 per cent), realty (1.63 per cent) and IT (1.36 per cent).

Axis Bank was the biggest gainer in the Sensex pack, rising 3.07 per cent. The other gainers included HCL Tech, SBI, NTPC, Tata Motors, Nestle India and Infosys, which rose up to 3.01 per cent.

“The domestic market recovered well compared to yesterday’s sharp corrections, due to restrained FII selling, along with moderation in currency and global bond yield volatility,” Vinod Nair, head of research at Geojit Financial Services, said.