Mumbai: After a brief pause, markets continued their record-setting spree on Friday with benchmark Sensex climbing about 136 points to new closing peak of 31,273.29 and Nifty gaining 37.40 points to 9,653.50 on a flurry of buying, tracking upbeat global cues. Besides, strong sales numbers for May, posted by auto majors also bolstered trading sentiments. Powered by persistent buying across the board the indices also recorded their fourth straight weekly gains with the BSE Sensex rising 245.08 points, or 0.78% and NSE Nifty by 58.40 points, or 0.60%.
In the auto space, shares of country’s largest two- wheeler maker Hero MotoCorp, emerged as the top gainer among Sensex constituents by climbing 2.82% to Rs3,840 after the company posted 8.7% increase in sales in May. Other big gainers were Cipla, Adani Ports, Wipro, HDFC Ltd, Bharti Airtel, ITC Ltd, Coal Indiam, NTPC, Dr Reddy’s, Lupin, Sun Pharma, HDFC Bank, Tata Motors, TCS, Asian Paint and Bajaj Auto, rising by up to 2.63%.
“The positive sentiment in global markets could rub off on the Indian indices this morning after a session of consolidation on Thursday,” IIFL Wealth Management said in a note. “After disappointing GDP numbers, the next trigger for the market will be RBI’s interest rate stance next week.”
■ 3.30pm: BSE Sensex closed higher by 135.7 points, or 0.44%, to 31,274, while the Nifty 50 rose 37.40 points, or 0.39%, to 9,653.50.
Also Read: GMR Infra shares surge nearly 14% on fall in debt
■ 3.10pm: Consumer durables stocks soar on Friday. BSE consumer durables index rises 1.15%. Crompton Greaves Consumer Electricals shares rise 4.22%, TTK Prestige shares rise 1.75%, Nilkamal Ltd shares rise 4.95%, PC Jewellers shares rise 1.34% and Symphony stock rises 1.11%.
■ 2.20pm: BSE Sensex trades higher by 140 points, or 0.45%, to 31,277, while the Nifty 50 rises 39 points, or 0.40%, to 9,655. Cipla, Hero Moto Corp and Adani Ports are top gainers with shares rising 3.08%, 2.69% and 2.26%, respectively.
■ 1 .10pm: Realty stocks jump. Nifty realty index trades higher by 1.28%. The Godrej Properties shares are higher by 4.58%, Oberoi Realty shares trade higher by 4.35%, Unitech shares rise by 2.94% and Phoenix Ltd shares are higher by 4.02%. BSE Sensex trades higher by 134 points, or 0.43%, to 31,271, while the Nifty 50 rises 37 points, or 0.38%, to 9,653.
■ 12.21pm: BSE Sensex trades higher by 129 points, or 0.42%, to 31,267, while the Nifty 50 rises 37 points, or 0.39%, to 9,653.
■ 11.45am: BSE Sensex trades higher by 115 points, or 0.37%, to 31,252, while the Nifty 50 rises 32 points, or 0.33%, to 9,648. BSE telecom index rises 1.63%. Bharti Airtel shares rise 3.10%, Tata Teleservices shares rise 2.88%, and ITI shares rises 2.8%.
■ 11.05am: BSE Sensex trades higher by 112 points, or 0.36%, to 31,250, while the Nifty 50 rises 27 points, or 0.29%, to 9,644.
■ 10.40am: GMR Infrastructure Ltd rose 5% to Rs 15.55 after its gross debt comes down to Rs 19856 crore from Rs 37480 crore according to its BSE announcement.
■ 10.20am: BSE Sensex trades higher by 101 points, or 0.32%, to 31,239, while the Nifty 50 rises 28 points, or 0.29%, to 9,644.
■ 10.15am: Bharti Airtel Ltd rose 3.2% to Rs378.85 after the company said it received approvals from the Securities & Exchange Board of India (SEBI), BSE and the National Stock Exchange (NSE) of India for its proposed merger with Telenor India.
■ 10.00am: Metal stocks trade lower. Tata Steel Ltd shares fall 1.3%, Hindalco Industries Ltd shares fall 1.2%, Vedanta Ltd shares 0.9%, National Aluminum Co Ltd shares 0.7%, Hindustan Zinc shares 0.5%.
■ 9.30am: BSE Sensex trades higher by 132 points, or 0.42%, to 31,269, while the Nifty 50 rises 41 points, or 0.43%, to 9,657.
■ 9.28am: Cadila Healthcare Ltd shares rise 3.6% to Rs487.90 after the company said in a notice to BSE that its Moraiya plant gets first product approval post food and drug regulator audit.
■ 9.27am: Hero MotoCorp Ltd shares rise 1.6% to Rs3,794.50 after the company said it sold 633884 units of two wheelers in May, up 8.7% from 583117 units a year ago.
■ 9.25am: Bajaj Auto Ltd fell 2% to Rs2,787.90 after the company said its reported 10% drop in total vehicle sales in May to 3,13,756 units from 3,47,655 units a year ago. Exports fell 3% to 1,39,709 units while local sales fell 15% from a year ago to 1,74,047 units.
■ 9.20am: TVS Motor Company Ltd rose 5% to Rs560 after the company reported 16% increase in its sales in May to 282007 units from 243783 units a year ago. Total two wheeler sales increased 15.6% while domestic two wheeler grew 16.3%.
■ 9.18am: Adani group stocks trading higher. Adani Transmission Ltd rose 5%, Adani Enterprises Ltd rose 2%, Adani Power rose 1.3%, Adani Ports rose 2%.
■ 9.15am: The rupee opened at 64.36 a dollar. At 9.15am, the rupee was trading at 64.37, up 0.17% from its Thursday’s close of 64.48.
■ 9.10am: The 10-year bond yield was trading at 6.623% compared to its previous close of 6.625%. Bond yields and prices move in opposite directions.
■ 9.00am: Asian currencies were trading mixed. South Korean won was up 0.16%, Malaysian ringgit 0.15%, Philippines peso 0.05% and Taiwan dollar 0.04%. However, China offshore spot was down 0.58%, Japanese yen 0.23%, Thai baht 0.23% and China renminbi 0.08%.
With inputs from Reuters