benchmark indices moved up on positive territory through first afternoon hours on
Friday and ended on strong note on closing. The Sensex index closed 127 points higher
at 38,672.91 and the NSE index Nifty50 closed at 11,623.90, up 053 points.
Housing, Vedanta, Grasim Industries, UPL and BPCL were the top gainers on the
Nifty, while losers were GAIL, Eicher Motors, IndusInd Bank, Bajaj Auto and Infratel.
the sectoral front, Nifty PSU bank and Private Bank indices ended in the red,
and the rest all components closed in green with Metal index being the biggest gainer
(up2.37%) with major gains in Jindal Steel (+9.03%) and Steel Authority of India,
(+6.11%) followed by Pharma Index (up 2.37%) with major gains in Divi’s Lab
(+3.29%) and Auto sector (up 1.23%) driven
by top gains in Bharat Forg and Mahindra & Mahindra up by 3.59% and 2.90%
stocks, which have a niche in benchmark indices like Sensex & Nifty, have
led the rally this month. While the sectoral Bank Nifty surged 14% this month,
hitting new highs. However, in today’s trade, the Nifty bank index ended flat
at 30,426.80, up 0.2% with major selling pressure in IndusInd Bank and Bank of
yearly basis, the Sensex advanced 17.30% this financial year, the highest since
2014-15, as per market data. In line with, the NSE Nifty50 returned 14.9%
during the same period, the highest since the FY ended March 2017.