The Sensex and Nifty were trading higher by nearly 0.6 percent, heading for their fourth straight weekly gain, driven by
healthcare, oil & gas, banking and consumer durables stocks.
The broader NSE index was up 48.6 points or 0.55 per cent at
8,826.60 at 3.05 pm local time, after rising as much as 1.4 percent to its highest since September 9, 2016 in early trade.
Bench mark BSE index was 182.34 points or 0.64 percent higher at 28,483.61, with financials contributing nearly 220 points to the index. Earlier in the day, the index rose as much as 1.5 percent to its highest since September 23, 2016.
Financials surged as the central bank allowed foreign investors
to resume buying in HDFC Bank Ltd. Nifty Bank index rose as much as 4 per cent to a record high, while both the Nifty Private Bank index and the Nifty Financial Services index
gained over 3.5 percent to hit all-time highs.
Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday’s slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan pulled back 0.1 percent, on track to end the week up 1.3 per cent, its fourth straight weekly gain.
US stocks The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks. The Dow Jones Industrial Average ended up 0.04 per cent to lose at 20,619.77, its sixth straight record-high close. The S&P 500 had lost 0.09 per cent to 2,347.22 and the Nasdaq Composite dropped 0.08 per cent to 5,814.90.
EXCHANGE ADVANCE DECLINE UNCH. T/O
NSE 776 683 69 5435.95
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8910 8870 8830 8795 8750