Sensex, Nifty closed Friday’s session at a record closing high level, after Modi
victory hangover. The BSE Sensex closed the day 623.22 points higher
at 39,434.75, with ICICI Bank, L&T, Airtel and Vedanta leading the
list of gainers.
NSE Nifty50 index too rose 187 points or 1.61% to settle at 11,844.10 with
ICICI Bank, Vedanta, TataSteel, BhartiAirtel and ZEEL. Losers in Nifty were
TechMahindra contributing negative 0.85%, followed by other losers NTPC, ONGC
and HCL Tech.
the Nifty sectoral indices reached higher with buying across broad
with Nifty PSU Bank gaining the maximum 5.6%,
while Nifty Realty also rose 4.4%.
stocks advanced led by Bank of Baroda, ICICI Bank, Punjab National bank, SBI and Federal Bank, up between 3-8 percent
amid expectations that the RBI will cut repo-rates in its next MPC meeting in
June to boost liquidity.
Shares of Oil Coimpanies’ rose, with HPCL surging 4.51% and IOC and BPCL up 1.8% and 2.74% respectively as oil markets stabilized.