Indian equity market ended at record highs on Friday, rising for the fourth straight session, led by buying in index majors Reliance Industries, Wipro and Maruti. Sensex climbed 20.96 points to end at 62,293.64, its fresh record closing high. During the day, it jumped 175.05 points or 0.28 per cent to 62,447.73 its lifetime peak. Nifty rose 28.65 points or 0.15 per cent to end at 18,512.75, its all-time high.
We had mentioned in previous week’s closing report that Nifty, Sensex may consolidate. The major indices opened lower this week and closed with huge gains.
On Monday, the indices opened gap down and ended with gains. On the National Stock Exchange (NSE), 1,304 stocks advanced, 794 declined and 88 remained unchanged with advance decline ratio of 1.64.
Rakesh Jhunjhunwala stock: Shares of Rakesh Jhunjhunwala company catering to water management and supply segment surged nearly five per cent in Friday's intraday trade on bagging an order for 50 MLD desalination project in Senegal. Get more Markets News and Business News on Zee Business.