INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic benchmark indices continued their rally for a seventh straight day underpinned by gains in IT, metal and select bank
stocks.
Investment sentiment got a boost from steady industrial production data and easing inflation numbers, which were released on
Thursday.
The industrial production grew faster than 7 per cent for the fourth month running in February, while consumer inflation moderated
to a five-month low in March, providing a double boost for the economy, ET reported.
The BSE Sensex closed 92 points, or 0.27 per cent, up
at 34,193, while the NSE Nifty50 index closed 22 points, or 0.21 per cent, up at 10,481.
Midcap and smallcap stocks too rose in sync with
It started on positive note, in response to the latest macroeconomic data viz
IIP and CPI inflation portraying favorable picture of the economy
Indications are in the favor of up move to continue and Nifty to test 10600 in near future
almost 3 per cent in the Sensex index to emerge as the top gainer of the day, followed by Wipro, Kotak Mahindra Bank and Coal India.
On the
contrary, State Bank of India, Axis Bank and YES Bank remained the top losers in the Sensex kitty, falling up to 1.22 per cent.
Shares of
Ashok Leyland rallied over 3 per cent on Friday after the company informed bourses that it has won an order for 10x10 vehicles to carry the
smerch rockets from the Ministry of Defence.
Shares of Future Lifestyle Fashions too clock up gains of over 3 per cent on Friday on reports
that Future Specialty Retail, a wholly-owned subsidiary, will be the sole Indian retailer for LeeCooper apparel and footwear.
Infosys also
pocketed mild gains of 0.58 per cent ahead of its fourth quarter earning numbers for the last fiscal.
Among the sectors on BSE, FMCG,
telecom, capital goods and oil and gas closed the day in the negative territory
BSE Metal emerged as the top gainer among sectoral indices, with a gain of 1 per cent.
Apollo Tyres, Britannia Industries, Kotak Mahindra
Bank, Tech Mahindra and Escorts stood among the stocks that hit fresh 52-week highs on Friday.
European stocks moved up on Friday as
investors anticipated a better result season
Asian stocks remained mixed.
