Sensex, Nifty Close At Record High: Market Wrap
Sensex ended flat at 62,293.64, while the Nifty 50 ended 0.15% up at 18,512.75.
Indian stock benchmarks ended little changed on Friday, as gains in auto and realty stocks were offset by declines in banking stocks.
The Sensex ended flat at 62,293.64 on the BSE, while the Nifty 50 ended 0.15% higher at 18,512.75 on the NSE.
Sensex had hit a fresh all-time high of 62,447.73 and the Nifty had clocked a fresh 52-week high of 18,534.90 during the pre-market session on Friday.
Out of the 50 Nifty 50 stocks, 28 stocks advanced while 21 declined.
HDFC Life Insurance Co., Tata Motors Ltd., Reliance Industries Ltd., Hero MotoCorp Ltd., and Coal India Ltd. were the top gainers, while Nestle India Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Titan Co., and Britannia Industries Ltd. were the top laggards on the Nifty 50.
Sector wise, Nifty Media and Nifty PSU Banks gained the most, advancing over 5%, while Nifty Realty declined this week.
The broader indices outperformed their larger peers, with the mid-cap gauge gaining 0.77% and the small-cap measure gaining 0.69%.
Fourteen of the 19 sectoral indices compiled by BSE Ltd. advanced, with BSE Realty gaining 1%.
The market breadth is skewed in favour of the bulls. About 2,123 stocks rose, 1,383 fell and 126 remained unchanged.