The Indian stock benchmark indices, Sensex and Nifty settled higher Friday led by gains in banking and IT stocks amid mixed global cues. At close, the BSE Sensex ended 282.29 points higher at 43,882.25, while the NSE Nifty gained 87.35 points to close at 12,859.05. Broader indices SU in the rally with Nifty Smallcap100 and Nifty Midcap100 indices gaining 1.16 percent and 0.85 percent, respectively. Rise in index heavyweights such as HDFC Bank, ITC, Bajaj Finance, Bajaj Finserv lifted Nifty above 12,800 levels.
Among sectors, Nifty Financial Services, PSU Bank, IT and FMCG rallied the most over 1 percent each followed by Nifty Metal, Auto and Realty while Nifty Pharma and Media ended in the red. Shares of Bharti Infratel advanced 20 percent after it completed its amalgamation with Indus Towers. Vodafone Idea also surged over 8 percent after the telecom company received Rs 3,760.1 crore cash consideration for its 11.15 percent holding in Indus Towers.
On the global market, stocks edged higher Friday as hopes of economic recovery ahead helped offset the blow dealt by the news that the US Treasury was ending emergency loan programmes, Reuters reported.
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