Sensex today: Key benchmark indices scaled newer heights on Friday on the back of positive momentum in select banking, metal and IT shares.
The S&P BSE Sensex scaled a high of 70,058, and eventually ended 103 points higher at 69,929. The NSE Nifty 50 hit a high of 21,026, and settled with a gain of 28 points at 20,997.
UltraTech Cement was the top gainer among the Sensex 30 shares, it jumped 3.5 per cent. Nestle India, Power Grid Corporation, IndusInd Bank, JSW Steel, Tata Motors and NTPC were the other prominent gainers. On the flip side, Axis Bank, Mahindra & Mahindra and Hindustan Unilever slipped around a per cent each.
Among individual shares, Dr Reddy shed 5 per cent after Antique Stock Broking flagged an ‘imminent’ warning letter from the US drug regulator on DRL’s formulations technical operation unit-3 (FTO-3) in Bachupally, Hyderabad. Read More
The broader indices outperformed. The BSE MidCap index jumped 0.9 per cent, while the SmallCap added 0.7 per cent.
Meanwhile, the Nifty PSU Bank index also hit a new high and was the top out-performer of the day.
Global Cues
In Asia, Hong Kong and mainland China stocks–CSI 300, Hang Seng–lost over 1 per cent on persistent deflationary pressures. China’s inflation fell by 0.5 per cent YoY, ahead of expectations. Nikkei, meanwhile, surged nearly 2 per cent on bets the central bank may not raise rates next week.
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