New Delhi: Equity benchmark Sensex rallied 308 factors and NSE (*308*) hit a fresh record on Friday, monitoring good points in index heavyweights Reliance Industries, HDFC twins and Kotak Bank amid optimistic cues from international markets.
Further, decline in every day COVID-19 caseload too bolstered investor sentiment, analysts stated.
The 30-share BSE index ended 307.66 factors or 0.60 per cent greater at 51,422.88. The broader NSE (*308*) surged 97.80 factors or 0.64 per cent to shut at its fresh peak of 15,435.65.
Reliance Industries was the highest gainer within the Sensex pack, hovering practically 6 per cent, adopted by M&M, HDFC twins, Kotak Bank, ITC and Bharti Airtel.
On the opposite hand, Sun Pharma, Bajaj Finserv, ICICI Bank and Dr Reddy’s had been among the many laggards.
“Domestic equities remained upbeat and recorded fresh high as improved prospects of economy recovery and strong 4QFY21 earnings continued to bolster investors’ sentiments. A strong rebound in Reliance Industries was a key driving force,” stated Binod Modi, Head Strategy at Reliance Securities.
Sustained market rally added over Rs 3 trillion in buyers’ wealth this week, with the market capitalisation of BSE-listed corporations crossing the landmark USD 3 trillion through the week, he famous.
Further, a pointy drop in every day COVID-19 caseload in second wave (remaining under 2 lakhs regardless of greater testing) and enchancment in restoration charges have emboldened buyers within the final couple of days, he stated.
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended on a optimistic word, whereas Shanghai was within the pink.
Stock exchanges in Europe had been additionally buying and selling with good points in mid-session offers. International oil benchmark Brent crude was buying and selling 0.25 per cent greater at USD 69.37 per barrel.Â
