INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Extending its winning streak to a fifth straight session on Friday, domestic stock market surged over 1 per cent led by solid
gains in banking and IT names.
After opening on a firm note, Sensex extended gains in the afternoon session and was up 449 points or 1.19%
per cent at 38,204.10 around 2.30 pm.
Nifty rose 1.19 per cent or 134.80 points to 11,478.05.
However, the stock market came under some
any downward reversal pattern at the highs
Moreover, the rupee continued to be in fine form as the unit gained 26 paise to 69.08.
However, amid the continuous rally in stocks, India
Vix, also known as the fear gauge, jumped over 7 per cent to 16.30 level.
Nifty Bank again hit all-time high in intra-day trade after rising
1.87 per cent to 29,462.80.
From the index, Kotak Mahindra Bank (up 4.78 per cent), IDFC First Bank (up 3.16 per cent), Federal Bank (up
2.78 per cent), State Bank of India (up 2.66 per cent), Punjab National Bank (up 2.61 per cent), ICICI Bank (up 2.32 per cent), Bank of
Baroda (up 1.93 per cent), IndusInd Bank (up 1.55 per cent), HDFC Bank (up 1.28 per cent), RBL Bank (up 1.27 per cent), Axis Bank (up 0.32
per cent) were among the top gainers.
Among IT stocks, Tata Consultancy Services (up 3.09 per cent), Wipro (up 2.63 per cent), Tata Elxsi
(up 2.53 per cent), HCL Technologies (up 1.92 per cent), Infosys (up 1.79 per cent), Tech Mahindra (up 1.65 per cent) and NIIT Technologies
Kaustubh Belapurkar, Director - Fund research, Morningstar Investment Adviser.
The Nifty PSU Bank index was trading 2.45 per cent up at
3,116.30 level.
Shares of State Bank of India (up 2.71 per cent), Punjab National Bank (up 2.55 per cent), Vijaya Bank (up 2.11 per cent),
Bank of Baroda (up 1.93 per cent), Canara Bank (up 1.81 per cent), Bank of India (up 1.57 per cent), Central Bank of India (up 1.18 per
cent), Indian Bank (up 0.97 per cent) and Union Bank of India (up 0.72 per cent) were among the top gainers.
