On Friday, Sensex and Nifty prolonged their successful run to the third straight session. Sensex superior 257 factors or 0.52% to 49,206.47 whereas Nifty jumped 98.35 factors or 0.67% to 14,823.15.
The upward rally of shares corresponding to HDFC twins, ITC and Bharti Airtel amid a constructive development in world markets fueled the Indian indices on Friday. On the opposite hand, Bajaj Auto, Bajaj Finance, Infosys and Kotak Bank had been amongst laggards.
The 30-share BSE index ended 256.71 factors or 0.52 per cent greater at 49,206.47. Similarly, the broader NSE Nifty rose 98.35 factors or 0.67 per cent to 14,823.15. HDFC was the highest gainer within the Sensex pack, spurting over 2 per cent, adopted by Bajaj Finserv, M&M, NTPC, Bharti Airtel, UltraTech Cement and ONGC.
“Domestic equities extended gains for third consecutive day mainly on favourable global cues and continued traction in financials (ex- PSU banks) and metals,” mentioned Binod Modi, Head Strategy at Reliance Securities.
Barring, PSU banks, most key sectoral indices traded in inexperienced. Metals shares remained in focus led by sturdy 4Q FY21 efficiency delivered by choose metallic firms and improved visibility of sustainable earnings momentum in coming quarters, he mentioned.
Elsewhere in Asia, bourses in Shanghai and Hong Kong had been within the pink, whereas Tokyo and Seoul ended on a constructive notice.
Stock exchanges in Europe had been buying and selling with features in mid-session offers. Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.25 per cent decrease at USD 67.92 per barrel.
