Sensex up 174 pts, Nifty posts biggest weekly gain

The market Friday has settled on higher note extending gains for the fourth day consecutive days, as investors remain cheerful ahead of the Union Budget next week. The Sensex closed up 174.32 points or 0.6% at 27882.46, and the Nifty was up 38.50 points or 0.4% at 8641.25. Nifty claimed its biggest weekly gains since May 27, supported by gains in banking and financial stocks. In the broader market, the BSE Midcap rallied 0.6%  and BSE Smallcap rose 0.5%  

About 1401 shares have advanced, while 1387 shares declined, and 288 shares are unchanged. 

BHEL, Bharti, ICICI Bank, NTPC and SBI were majour contributors while ITC, Wipro, Lupin, Tata Motors and HUL were losers in the Sensex.

Posted in: Indian Market Tips