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Trading for the week ended Friday on a buoyant note as Sensex, Nifty settled with decent gains and kept up their record high hitting streak. The BSE Sensex rose 251.29 points at 35,511.58, while the NSE Nifty 50 index advanced 77.70 points at 10,894.70, as per closing data.
Shares of Adani Ports, Yes Bank and ICICI Bank were at the top in gains, while Infosys, Sun Pharma and Power Grid were major laggards.
Nifty Bank index carried on to support the market, rising 150 points, led by stocks of Punjab National Bank, ICICI Bank, SBI, Canara Bank, Bank of Baroda, HDFC Bank and Kotak Mahindra Bank.
BSE Bank index rose 456 points, following strong earnings from Kotak Mahindra Bank and HDFC Bank. In the Sensex, shares of SBI, Adani Ports, ICICI Bank, Axis Bank, Yes Bank rallied by more than 2 percent each.
Shares of ITC Ltd rose on BSE 0.37% at Rs. 273.85 after the company's net profit rose 16.75% to Rs 3090.20 crore. Shares of HCL Technologies rose 0.30% at Rs. 957.75 after company’s consolidated net income rose 0.3% to Rs 2194 crore.
Posted in: Indian Market Tips
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