Banks raise Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%

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Bull

About 150 shares hit their 52-week highs and 250 shares had been locked within the higher circuit on Thursday.

CLOSING BELL

Inventory market replace: Benchmark indices staged a one-way rally, surging almost a per cent on Friday, regardless of tepid world cues. The frontline S&P BSE Sensex zoomed 390 factors to shut at 56,072. The index hit an intra-day excessive of 56,186. 


The Nifty50, however, ended at 16,719, up 114 factors. It hit a excessive of 16,752. Ultratech Cement, Grasim, UPL, HDFC, HDFC Financial institution, Eicher Motors, and ICICI Financial institution had been the highest gainers, ralling over 2 per cent every. Infosys, Tata Client Merchandise, NTPC, and Energy Grid, however, shed over 1 per cent.  

Sectorally, the Nifty Financial institution added 1.6 per cent, adopted by the Nifty PSU Financial institution index (up 1.5 per cent). The Nifty IT fell 0.6 per cent.


Within the broader market, the BSE MidCap index fell 0.2 per cent, however the BSE SmallCap index added 0.2 per cent.


FPIs make a comeback

Abroad traders have purchased a web $1 billion of native shares within the first three days of this week, in accordance with the newest out there change knowledge compiled by Bloomberg. That places them heading in the right direction for the primary weekly purchases since April. They dumped nearly $30 billion of shares within the yr by way of final Friday. READ MORE

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