Key benchmark indices hit a record high on
Friday, posting their biggest daily gains since September on hopes the
opposition Bharatiya Janata Party would win a majority in elections set
to conclude next week, sending
blue-chips such as ICICI Bank sharply higher. The Sensex rose as much as
3.15 percent to a record high at 23,048.49, surpassing its previous
high of 22,939.31 hit on April 25. It ended up a provisional 2.9
percent. The Nifty rose as much as 3.18 percent to as high as 6,871.35,
surpassing its previous all-time high at 6,869.85 on April 25. It rose
2.99 percent.
Banking stocks gained the most with the Bank Nifty gaining 5.5 percent to hit a record high at 13,814.25. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 46 advances to 3 declines, 1 stock remain unchanged.
Banking stocks gained the most with the Bank Nifty gaining 5.5 percent to hit a record high at 13,814.25. The market breadth, indicating the overall health of the market was positive, in Nifty50 stocks the advances to declines stands at 46 advances to 3 declines, 1 stock remain unchanged.
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