Mumbai, July 31 (ANI): Bombay Stock Exchange (BSE) Sensex hit a 13 months record high of 15732.81 points on Friday.
Indian equities pulled back towards the end of session to close with 15,670.31, which is a gain of 282.35 points or 1.83 per cent. All the sectoral indices, except realty, ended in the positive terrain.
Market opened sharply higher taking cues from the global markets, The indices held on to their gains till European markets turned negative. Aggressive buying at lower levels in the last half an hour saw the indices spike again to end the week on a strong note.
Following the trend of BSE the wide range National Stock Exchange (NSE) Nifty ended at 4636.45, up 65 points or 1.42 per cent. The index touched an intra-day high of 4669.75, while the low, also the open, was 4571.60.
According to Dharmesh Desai, Vice President of Networth Marketing, domestic institutions were sellers in specific sectors while insurance companies were buying. There were rumours that a big fund house was waiting to enter the market at 4600 levels and that must have caused today's surge.
Hindalco Industries (6.65 percent), Tata Motors (6.61 percent), ONGC (5.91 percent), State Bank of India (5.29 percent) and Hindustan Unilever (3.32 percent) were amongst the gainers of sensex surge
The losers included Bharti Airtel (-3.06 percent), Reliance Communications (-2.11 percent), Hero Honda (-2.08 percent), DLF (-1.48percent) and NTPC (-0.78 percent). (ANI)