New Delhi, Dec 29: The Bombay Stock Exchange (BSE) Sensex ended 2017 on a high-note as it finished the year at a record 34,056.83 points on the last day of trading. The benchmark saw a whopping 28 per cent gains this year.
The index started the day at 33, 889.39 points and reached highest-ever 34,086.05 before closing at 34,056.83– this was an increase of 208.80 points, or 0.62 per cent in toto. The benchmark had crossed the 34, 000 mark on December 26, riding on a rally of high closings the entire year.
Stocks of power, auto, information and technology sectors saw robust buying– also, futures buying also added momentum. Sensex rose by 7,430.37 points in 2017, which is 27.91 points.
Reports said that oil, gas, metal and energy didn’t perform well– but IT, FMCG, Power, auto, capital goods and healthcare were up as they rose up to 1.63 per cent. Tata Motors, Axis Bank, TCS, Hero MotoCorp, Adani Ports, Wipro, Asian Paints, Maruti and HDFC gained majorly.
On Friday, Reliance Communications Ltd rose 35 per cent as the company agreed to sell its wireless assets to Reliance Jio Infocomm Ltd.