Indian shares posted fresh record highs on Friday, buoyed by strong gross domestic product (GDP) data and led by financials. The BSE Sensex zoomed 1,245 points to settle at 73,745, jumping 1.72%, while the NSE Nifty50 surged 356 points to close at 22,339, rising 1.62%. The Bank Nifty surged 2.5%, and the MidCap index also rose nearly a percent.
Reliance Industries, ICICI and HDFC Bank were among top Nifty contributors. Metal and oil marketing companies (OMC) shares also surged on positive brokerage calls with Tata Steel being the top Nifty gainer in trade today. All Nifty Bank constituents ended in the green.
Auto stocks such as TVS Motor and Maruti Suzuki settled higher, up 5% and 3%, respectively on above estimated February sales numbers.
The Indian Rupee settled at 82.90 against the US dollar compared to Thursday’s close of 82.91 against the greenback.
First Published: Mar 1, 2024 3:44 PM IST