Nifty ends at all-time high, Sensex firm above 32,400; Airtel rallies 8%
, ETMarkets.com|
Updated: Oct 13, 2017, 04.24 PM IST
Domestic market on Friday ended on a cheerful note ahead of the Diwali week, with Nifty50 closing at fresh record high at 10,167.45, up 70 per cent or 71.05 points and BSE Sensex ending the day firmly at 32,432.69, 250 points or 0.78 per cent higher.
The rally was fuelled by the Index of Industrial Production (IIP) data for August, which showed 4.3 per cent hike in factory output, supported by firm global cues.
Nifty Bank surged 327.90 points or 1.35 per cent to end at 24,689.15 with shares of Kotak Mahindra Bank (up 2.34 per cent), HDFC Bank (up 1.76 per cent), Canara Bank (up 1.60 per cent), ICICI Bank (up 1.40 per cent), Yes Bank (up 1.18 per cent) and Punjab National Bank (up 0.90 per cent) being the top gainers.
Meanwhile, robust buying in select telecom and metal counters further uplifted the sentiment. Shares of Tata Teleservices (up 9.95 per cent), Bharti Airtel (up 7.89 per cent), Idea Cellular (up 5.91 per cent), Reliance Communications (up 5.25 per cent), Bharti Infratel (up 4.07 per cent) and Himachal Futuristic Communications (up 1.17 per cent) extended support by rallying up to 10 per cent.
BSE Small Cap index gained 22 points or 0.13 per cent to end at 16,925.66 as shares of Shivam Auto, Electrosteel Castings, ESL, PolyPlex, TCI Express, TTML and Sanwaria rallied up to 13 per cent.
On the other hand, midcap index ended flat and parred intraday gains dragged by losses in Chola Finance, ABFRL, Blue Dart, Colpal, Bayer Crop, JSW Energy and Nation Aluminium.
On the NSE, Nifty Bank (up 1.35 per cent) was the top sectoral gainer. However, Nifty Media (down 0.45 per cent), Nifty Pharma (down 0.33 per cent) and Nifty FMCG (down 0.15 per cebnt) ended lower among other sectoral indices.
Among specific stocks, shares of Shares of Shriram EPC shot up 20 per cent in Friday's early trade after the company said it has secured two orders aggregating Rs 349 crore. However, it shed all gains and ended the session 0.51 per cent lower at Rs 19.45.
In the primary market, the Rs 11,370 crore initial public offer (IPO) of General Insurance Corporation of India (GIC Re) got subscribed 1.16 times on the final day of the bidding process.
Globally, China's blue-chip CSI300 index advanced 0.2 per cent, to 3,921.00 points, while the Shanghai Composite Index added 0.1 per cent to 3,390.52.
Meanwhile, Japan's Nikkei share average surged 1 per cent to 21,155.18, its fresh 21-year high, Reuters reported.
The rally was fuelled by the Index of Industrial Production (IIP) data for August, which showed 4.3 per cent hike in factory output, supported by firm global cues.
Nifty Bank surged 327.90 points or 1.35 per cent to end at 24,689.15 with shares of Kotak Mahindra Bank (up 2.34 per cent), HDFC Bank (up 1.76 per cent), Canara Bank (up 1.60 per cent), ICICI Bank (up 1.40 per cent), Yes Bank (up 1.18 per cent) and Punjab National Bank (up 0.90 per cent) being the top gainers.
Meanwhile, robust buying in select telecom and metal counters further uplifted the sentiment. Shares of Tata Teleservices (up 9.95 per cent), Bharti Airtel (up 7.89 per cent), Idea Cellular (up 5.91 per cent), Reliance Communications (up 5.25 per cent), Bharti Infratel (up 4.07 per cent) and Himachal Futuristic Communications (up 1.17 per cent) extended support by rallying up to 10 per cent.
BSE Small Cap index gained 22 points or 0.13 per cent to end at 16,925.66 as shares of Shivam Auto, Electrosteel Castings, ESL, PolyPlex, TCI Express, TTML and Sanwaria rallied up to 13 per cent.
On the other hand, midcap index ended flat and parred intraday gains dragged by losses in Chola Finance, ABFRL, Blue Dart, Colpal, Bayer Crop, JSW Energy and Nation Aluminium.
On the NSE, Nifty Bank (up 1.35 per cent) was the top sectoral gainer. However, Nifty Media (down 0.45 per cent), Nifty Pharma (down 0.33 per cent) and Nifty FMCG (down 0.15 per cebnt) ended lower among other sectoral indices.
Among specific stocks, shares of Shares of Shriram EPC shot up 20 per cent in Friday's early trade after the company said it has secured two orders aggregating Rs 349 crore. However, it shed all gains and ended the session 0.51 per cent lower at Rs 19.45.
In the primary market, the Rs 11,370 crore initial public offer (IPO) of General Insurance Corporation of India (GIC Re) got subscribed 1.16 times on the final day of the bidding process.
Globally, China's blue-chip CSI300 index advanced 0.2 per cent, to 3,921.00 points, while the Shanghai Composite Index added 0.1 per cent to 3,390.52.
Meanwhile, Japan's Nikkei share average surged 1 per cent to 21,155.18, its fresh 21-year high, Reuters reported.
