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Closing Update- The Nifty 50 hit a fresh record high of 10,167.50, up 0.71.10 points, while BSE Sensex gains 250.47 point to 32,432.69, on Friday closing.
Investors risk appetite improved on hopes that a rise in industrial production and a steady inflation could boost pressure on the RBI to reduce interest rates to improve economic activity.
Stocks of Reliance Industries hit record high for second successive day ahead of its Sept quarter earnings due later in the day.
Top Gainers And Top Losers- Bharti Airtel up 7.85%, Tata Steel up 2.84%, Kotak Bank up 2.04% and HDFC Bank rose 1.89% making them top gainers today while, shares of Dr Reddy’s Labs and Mahindra and Mahindra fell 1.09% and 1.05%, each. Bharti Infratel continued to rise after the deal between Bharti Airtel and Tata Sons for Tatas' consumer telecom buz.
Posted in: Indian Market Tips
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