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Rising for the fifth straight session, equity benchmark Sensex rallied 553 points on Friday, tracking gains in index-heavyweights Reliance Industries and HDFC twins amid massive foreign fund inflow.
The 30-share BSE index ended 552.90 points or 1.34 per cent higher at 41,893.06.
Similarly, the broader NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.
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RIL shares spurt over 3 per cent after Saudi Arabia’s PIF invests in Reliance Retail
With PIF’s Rs 9,555-cr investment, the total fundraise in the retail arm is at Rs 47,265 crReliance Industries was the top gainer in the Sensex pack, surging over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC twins and Kotak Bank.
On the other hand, Maruti, Bharti Airtel, Asian Paints, UltraTech Cement and Nestle India were among the laggards.
According to Hemant Kanawala, Head — Equity, Kotak Mahindra Life Insurance, Indian markets rallied in sync with its global peers, putting to the backburner the uncertainties in the US presidential election. They delivered a broad-based performance, with both Nifty and Nifty midcap indices returning 1.5 per cent over the last week.
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