Stock market recap, Jan. 5 -- Indian equities ended Friday, 2 January, on a strong note, led by broad-based buying amid rising optimism ahead of the Q3 earnings season.

The Nifty 50 scaled a fresh intraday high of 26,340 and went on to settle at a record closing high of 26,328.55, up 182 points, or 0.70%. The Sensex rose 573 points, or 0.67%, to close at 85,762.01. Broader markets outperformed, with the BSE Midcap index gaining 0.97% and the Smallcap index advancing 0.79%.

Investor wealth swelled by over Rs.4 trillion in a single session, as the total market capitalization of BSE-listed companies climbed to more than Rs.481 trillion.

Buy: UNO Minda Ltd (current price: Rs.1,320)

Buy: Indian Bank (current price: Rs.860)

Indian equities...