Finance
Today Share Market Updates: Auto and information technology stocks propelled indices to new highs on Friday, with the Nifty and Sensex finishing at all-time highs. The Sensex gained for the 11th consecutive session.
Bajaj Auto, Tata Motors, and Eicher Motors drove up auto stocks, while HCL Tech and Wipro kept the IT pack flat.
Stocks in Asia rose following better-than-expected Chinese GDP data and the central bank’s additional efforts to bolster the country’s faltering economy.
Meanwhile, the European Central Bank hiked its main interest rate to an all-time high of 4% from minus 0.5%, signaling that this will likely be its final move in a year-long battle against stubbornly high inflation.
Indices hit record highs on Friday as IT and Auto stocks rallied; Sensex added 300 and Nifty 90 pts
The Sensex and Nifty equity benchmark indices set new closing highs on Friday, aided by a surge in global markets and additional foreign inflows.
The 30-share BSE Sensex rose 320 points to settle at 67,838 after rallying for the 11th day in a row. The Nifty rose 90 points to 20,192. The Sensex achieved an intraday high of 67,927, while the Nifty reached an intraday high of 20,222. This week, the Sensex gained about 1.4%, while the Nifty gained 1.5%.
Among stocks, Bajaj Auto gained more than 5%, while Grasim and M&M each gained more than 2.5%. Hero MotoCorp and HCL Tech were also big winners. The largest laggards were BPCL, Asian Paints, and HUL.
Among the laggards were Asian Paints, Hindustan Unilever, Titan, and Axis Bank.
