Key Benchmark indices Sensex & Nifty touched record highs after scaling record peak levels in intraday trade, tracking the global equity strength on the back of strong economic data. Investors were on watchful for December quarter earnings, and forthcoming Union Budget for further cues, while Asian markets climbed closer to record levels on Friday.
Shares Yes Bank, Bharti Airtel, Adani Ports, Bajaj Finance and IndusInd Bank emerged as the major gainers with Yes Bank rising above 6.5 percent intraday on Friday.
Nifty moves at fresh life time high and closed above the 10,550 mark. The BSE Sensex closed higher by 184.21 points, or 0.54%, to 34,153.85, while the Nifty 50 rose 56.45 points, or 0.54%, to 10,561.25. Shares of Tech Mahindra, HCL Technologies, TCS, Wipro and Infosys were lower to some extent on strong rupee.
Except the Nifty PSU Bank index, all the other sectoral indices closed with smart gains. Nifty Media index led the up-move followed by PSU banks. Oriental Bank of Commerce and Canara Bank were the two PSU bank stocks that managed to settle in the green.
Nifty Bank Index spiked as RBI may give additional dividend FY 2018. In the Nifty-50 shares, YES Bank, Adani Ports SEZ, Bajaj Finance, Bharti Airtel, IndusInd Bank, Dr Reddy’s, Lupin, Tata Steel, Eicher Motors, HDFC, TCS and Indiabulls Housing Finance emerged as the top gainers.
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