Key benchmark indices edged higher on last
trading day of the week. The S&P BSE Sensex, and the 50-unit CNX
Nifty, both, settled at record high. SBI provisionally ended 10.3
percent higher, marking its biggest single-day
gain since May 19, 2009, after earlier jumping as much as 10.6 percent
to mark its highest level since May 2, 2011 at 2,777 rupees. Also, hopes
of reforms in the power sector by the new government continued to drive
shares in power sector.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.
The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 35 advances to 15 declines.
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