Mumbai: Benchmark Sensex and Nifty advanced further to settle at record highs for the second day in a row on Friday, helped by intense buying in index majors Reliance Industries, Wipro and Maruti.
In a choppy and range-bound trade, the 30-share BSE Sensex rose by 20.96 points or 0.03 percent to settle at 62,293.64, its fresh record closing high. During the day, it jumped 175.05 points or 0.28 percent to 62,447.73 — its lifetime intra-day peak.
Likewise, broader NSE Nifty went up by 28.65 points or 0.15 percent to end at 18,512.75, its all-time high.
The key indices had gained over 1 percent on Thursday to end at record high levels. The indices have extended the winning run for the fourth day with the Sensex rising by 1,140 points or close to 2 percent and Nifty gaining 352 points or 2.29 percent.
Reliance Industries emerged as the biggest gainer among the Sensex firms, rising 1.34 percent, followed by Wipro, Tech Mahindra, Axis Bank, IndusInd Bank, Maruti, Tata Steel and Mahindra & Mahindra were among the major winners.
On the other hand, Nestle, Kotak Mahindra Bank, ICICI Bank and HCL Technologies were the major laggards.
“Markets ended flat in a sluggish trading session, as investors stayed on the sidelines due to lack of cues from the US markets, which was shut on Thursday. While most of the Asian gauges ended in the red, local benchmarks managed to eke out modest gains amid thin volumes,” said Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities Ltd.
“Benchmark indices ended on a positive note amid volatility. Overall domestic markets are continuously showing strength amid global macro concerns and we believe that Indian markets would continuously outperform global indices backed by strong corporate earnings and healthy demand,” said Mohit Nigam, Fund Manager & Head – PMS, Hem Securities.
In the broader market, the BSE midcap gauge climbed 0.77 percent and smallcap index jumped 0.69 percent.
Among sectoral indices, realty jumped 1.08 percent, energy (0.84 percent), oil & gas (0.69 percent), consumer discretionary (0.67 percent) and metal (0.58 percent).
FMCG, financial services, utilities, bankex and power were the laggards.
Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong ended lower, while Shanghai settled in the green.
Equity exchanges in Europe were trading mostly lower in the afternoon trade. Wall Street was closed for a holiday on Thursday.
International oil benchmark Brent crude was trading 1.21 percent higher at USD 86.37 per barrel.
Foreign institutional investors (FIIs) bought shares worth Rs 369.08 crore on Friday, as per exchange data.
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