Sensex, Nifty Updates: Tata Steel, NTPC shed around one-two per cent each on BSE.The benchmark indices extended their gainson Friday afternoon with the Sensex trading above the 55,350 mark and the Nifty hitting the 16,500 mark, led by gains in banking and financialshares.
At 1:52pm, Sensex was up 506points at 55,350.21and Nifty 50 index advanced 139 points to 16,503.55.
The broader markets traded weaker, with the BSE Smallcap and BSE Midcap index shedding0.01 per cent and 0.15per cent respectively.In the currency market, therupee declined threepaise to 74.28 against the US dollar in opening trade on Friday, driven byforeign fund outflows amid a rally in the domestic equity market.
At the interbank foreign exchange, the local unitopened weaker at 74.27 against the greenbackand dropped further to 74.28.On the stock-specific front, Tata Consumer Products gained 3.79per cent to 803.60to top the gainer's list on the BSE.
TCS, Larsen and Toubro, Bharti Airtel, and HCL Tech are the other significant gainers in the BSE pack.
HCL Tech gained 1.85 per cent to Rs 1,117.35 on the BSE.In other stock news, telecom major Bharti Airtel concludedits trading deal to sell 800800 Mhz airwaves in three circles to RelianceJio Infocomm (Jio), markingthe first-ever deal between the two telecom rivals.
Airtelreceived1,004.8 crore (net of tax) from Reliance Jio for the proposed transfer, as per the agreement.Larsen - Toubro also rose 2.35 per cent to hit record high of1,660 on the BSE after the company announced that it securedan order from Technip Energies, which develops indigenous technology forcritical equipment.On the other hand, Tata Steel, NTPC, and Eicher Motors shed around one-two per cent each on the BSE.