Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended over a quarter per cent higher on Friday ahead of Federal Reserve Chair Jerome Powell’s speech due later in the day.
The S&P BSE Sensex ended above the 56,000-mark for the first time at 56,124.72, up 175.62 points (0.31 per cent), while the Nifty 50 settled at 16,705.20, up 68.30 points (0.41 per cent).
Both the benchmark indices had started on a negative note earlier in the day but recovered from their losses and traded positive for the rest of the session. The NSE benchmark touched a new all-time peak of 16,722.05 in intraday trade.
The gains in the Sensex were led by Ultratech Cement, Larsen & Toubro (L&T), Dr. Reddy’s Laboratories, Bajaj Finserv, Sun Pharmaceutical Industries and Tata Consultancy Services (TCS). On the other hand, Infosys, IndusInd Bank, Mahindra & Mahindra (M&M) and Nestle India were among the top laggards of the day.
Among the sectoral indices on NSE, the Nifty Metal index climbed 1.63 per cent led by National Aluminium Company and Hindalco Industries. It was followed by the Nifty Pharma index that rose 1.38 per cent aided by Dr. Reddy’s and Cadila Healthcare. The key Bank Nifty ended 0.03 per cent higher led by Bandhan Bank.
The broader market indices outperformed their benchmark peer with the S&P BSE MidCap ended at 23,255.39, up 240.09 points (1.04 per cent) while the S&P BSE SmallCap settled at 26,284.15, up 241.61 points (0.93 per cent).
(with inputs from agencies)