Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended at record closing highs on Friday
On the sectoral front, the Nifty Auto and Nifty IT indices ended 1 per cent lower each. Image: Reuters
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market indices BSE Sensex and Nifty 50 extended the Union Budget 2021 rally to the fifth consecutive day on Friday. BSE Sensex ended 117 points or 0.23 per cent up 50,732, while the Nifty 50 index ended 29 points or 0.19 per cent at 14,924. The rally was primarily driven by better-than-expected quarter earnings by State Bank of India and RBI MPC’s outcome. The Reserve Bank of India kept the interest rates unchanged and maintained the accommodative stance. SBI shares surged nearly 11 per cent, followed by Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Ultratech Cements, ITC, HDFC Bank and HUL among others. On the flip side, market gains were capped by losses in Axis Bank, Bharti Airtel, ICICI Bank, Maruti Suzuki, HCL Tech, TCS, Infosys among others. On the sectoral front, the Nifty Auto and Nifty IT indices ended 1 per cent lower each, while the Nifty PSU Bank index advanced 3.6 per cent on the NSE.