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The Sensex and Nifty ended at a new high on Friday as global stocks hit a record high since upbeat data on US manufacturing and employment and buoyant European factory growth boosted investor optimism.
The 30-share BSE index Sensex jumped 135.70 points or 0.44 per cent to end at a new peak 31,273.29 and the 50-share NSE index Nifty rose 37.4 points or 0.39 per cent to close at a fresh high of 9,653.50.
Among BSE sectoral indices, realty index gained the most by 1.22 per cent, followed by healthcare 1.12 per cent, consumer durables 1.1 per cent and power 0.73 per cent. On the other hand, oil & gas index was down 0.41 per cent, metal 0.23 per cent and capital goods 0.05 per cent.
Top five Sensex gainers were Hero MotoCorp (+2.82%), Cipla (+2.63%), Adani Ports (+2.13%), Wipro (+1.88%) and HDFC (+1.74%), while the major losers were GAIL (-1.47%), Tata Steel (-1.27%), Power Grid (-0.77%), ICICI Bank (-0.62%) and HUL (-0.5%).
All-time high
The benchmark BSE Sensex hit an all-time high of 31,332.56 and the NSE index Nifty climbed to a new peak of 9,673.50.
Asian markets
Asian markets rose to their best levels in more than two years as positive data on US manufacturing and employment and buoyant European factory growth boosted investor optimism.
MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.6 per cent.
However, broader gains were capped due to caution ahead of the Reserve Bank of India's policy meeting next week. The central bank is expected to keep rates on hold on June 7, though it could soften its hawkish tone after data showed easing inflation.
“The positive sentiment in global markets could rub off on the Indian indices this morning after a session of consolidation on Thursday,” IIFL Wealth Management said in a note.
“After disappointing GDP numbers, the next trigger for the market will be RBI's interest rate stance next week.”
Rising for the third straight day, the rupee strengthened by 14 paise to 64.34 against the US dollar in early trade at the Interbank Foreign Exchange market today on sustained selling of the American currency by banks and exporters.
US stocks advanced on Thursday, with each of the major US indexes notching record highs, after a batch of economic data suggested the economy was picking up speed.
The ADP private sector employment report showed 253,000 jobs were added in May, well above the 185,000 estimated by economists polled by Reuters.
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