Sensex rises 226 points to hit fresh closing high; Nifty settles above 15,850

NEW DELHI: Equity indices surged to record highs on Friday with the benchmark BSE sensex rising over 200 points led by gains in banking, metal and financial stocks.
The 30-share BSE index rose 226 points or 0.43 per cent to close at fresh peak of 52,925; while the broader NSE Nifty settled 73 points or 0.46 per cent at record of 15,863.
Tata Steel, Axis Bank, SBI, ICICI Bank, Bajaj Finance and Maruti were the top gainers in the sensex pack rising as much as 4.68 per cent.
While Reliance, HUL, NTPC, Titan, Asian Paints and Bajaj Auto were the major losers falling up to 2.23 per cent.
On the NSE platform, sub-indices Nifty Metal, Bank, PSU Bank and Financial Services gained as much as 2.71 per cent.
“Overall, markets have done fairly well and for the second quarter. India is the best performing market across the Asia region,” Amit Shah, head of India equity research at BNP Paribas told news agency Reuters.
Investors are now waiting for some new data points, and in the meantime, the markets will see sector rotation and individual stock-picking, he added.
Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,890.94 crore on Thursday, as per provisional exchange data.
(With inputs from agencies)

Leave A Reply

Your email address will not be published.