The BSE Sensex closed higher by 301.09 points to 33,250.30, while the NSE Nifty rose 98.95 points to close at 10,265.65 on Friday helped by FMCG, healthcare and metal stocks. Shares of ONGC, ITC, Sun Pharma and Tata Motors were among the major gainers, while Reliance, State Bank of India, Hero MotoCorp and TCS were the major losers.
The buying trend was backed by expectation that the ruling BJP would win critical state elections in Gujarat starting this weekend. The Gujarat Assembly Elections 2017 will take place in two phases on 9 Dec 2017 and 14 Dec.
The shares India’s largest FMCG firm ITC Limited come out as the biggest gainer today on Sensex and second-biggest on Index Nifty. During the day, the Sensex spiked 336.45 points to hit a peak of 33,285.68 while NSE Nifty clocked 10,270.85.
In Nifty-50 Index, the advanced stocks include HPCL, ITC, IOC, BPCL, and Sun Pharma were the top gainers, rising more than 3 percent.
Among the sectoral indices of NSE, 9 indices out of 11 closed in green with Nifty FMCG, Nifty Financial Service, Nifty Metal, Nifty Auto, Nifty Pharma, Nifty Bank and Nifty Pvt Bank leading the charge.
