© hindustantimes.comSensex Rallies 689 Points to End at Fresh High; Nifty Tops 14,350
Equity benchmark Sensex soared 689 points to end at a fresh all-time high on Friday, led by Infosys, TCS and Reliance amid strong buying sentiment in global equities. The 30-share BSE index closed 689.19 points or 1.43 per cent higher at 48,782.51. It touched an intra-day record of 48,854.34.
Similarly, the broader NSE Nifty rallied 209.90 points or 1.48 per cent to close at its record high of 14,347.25. During the day, the index scaled a life-time peak of 14,367.30. Maruti was the top gainer in the Sensex pack, rising around 6 per cent, followed by Tech Mahindra, Infosys, UltraTech Cement, PowerGrid and NTPC.
On the other hand, IndusInd Bank, Bharti Airtel, SBI, ITC and HDFC were the laggards. According to Binod Modi, Head-Strategy at Reliance Securities, growing expectations of stronger fiscal stimulus in the US after Congress confirmed President-elect Joe Biden's victory have fuelled equities rally globally.