Stocks posted their best show in five months on Friday with the benchmark Sensex zooming 1961 points on value buying and strong US labour market data.

The rally also saw the participation of six Adani group firms which overcame the US indictment jitters to end in the green.

Market circles said the rally was driven by retail investors who indulged in bottom fishing after the recent bout of correction.

Investors will now watch out for the results of the state elections in Maharashtra. Global developments that include the tensions between Russia and Ukraine may also weigh on the markets.

The 30-share Sensex shot up 1961.32 points or 2.54 per cent to end at 79117.11. During the day, it surged 2062.4 points to hit a high of 79218.19. On the NSE, the broader Nifty soared 557.35 points or 2.39 per cent to 23907.25.

Six of the 10 listed Adani group stocks bounced back from the sharp reverses seen on Thursday, when their combined market cap plummeted ₹2.19 lakh crore. While Ambuja Cements jumped 3.81 per cent on the NSE, ACC rose 3.30 per cent.

Flagship Adani Enterprises was up 2.12 per cent, Adani Ports 2.09 per cent, Adani Total Gas 1.51 per cent and NDTV, 0.85 per cent.

Trading data showed that while the delivery ratio (to the traded quantity) stood at 12 per cent in NDTV, it was 10.84 per cent for Adani Total Gas.

The ratio was 31.42 per cent for Adani Ports, 9.87 per cent in Adani Enterprises, 24.08 per cent for ACC and 33.85 per cent for Ambuja Cements.

Adani Green Energy continued to reel from the charges made by the US SEC and the Department of Justice, tanking 7.96 per cent on the NSE. The other stocks from the conglomerate which ended lower included Adani Energy Solutions that was down 6.94 per cent, Adani Power by 3.08 per cent and Adani Wilmar by 0.64 per cent on the NSE. Observers said the hangover of the US charges may weigh on the stocks and act as a cap against any potential rally.

Adani bonds continued to face selling pressure overseas with reports indicating that the debt of Adani Ports which matures in 2027 trading lower 1 per cent. Adani Transmission and Adani Electricity Mumbai reported declines.

The indictment by the US authorities is seen as hurting its plans to raise funds from the international bond markets.

In trading on Friday, all the Sensex stocks settled higher with SBI leading the winners list. Its shares advanced 4.51 per cent as concerns over its exposure to the Adani group eased.

“All sectoral indices ended in the green with Nifty IT surging over 3 per cent, buoyed by robust US labour market data,” Siddhartha Khemka of Motilal Oswal Financial Services said.

Jobless claims in US fell 6,000, a seven-month low that suggests job growth rebound in November after last month’s slowdown.

“Buying emerged at lower levels in blue-chip stocks causing several index heavy-weights including Reliance to gain significantly,’’ Khemka said. During the week, the BSE benchmark zoomed 1,536.8 points or 1.98 per cent, and the Nifty climbed 374.55 points or 1.59 per cent.