Weekend Market: Sensex, Nifty close at fresh highs, UltraTech Tops

Key benchmark index Sensex surged over 175 points to close at its new lifetime peak on the week ended Friday, boosted by gains in TCS, L&T and HDFC amid a largely subdued trend in global markets. At close, The 30-share Sensex settled 175.62 points or 0.31  percent higher at 56,124.72. Similarly, the broader NSE Nifty gained 68.30 points or 0.41  percent to finish at a record 16,705.20.

UltraTech Cement was the top gainer in the Sensex pack, surging over 3  percent, followed by L&T, Dr Reddy’s, Bajaj Finserv, Sun Pharma, TCS and Kotak Bank. On the other hand, Infosys, IndusInd Bank, M&M, Nestle India and HCL Tech were among the laggards.

Elsewhere in Asia, bourses in Shanghai and Seoul ended with gains, while Hong Kong and Tokyo settled in the red.  Equities in Europe were trading on a negative note in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 0.94  percent to USD 71.74 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 1,974.48 crore on Thursday, as per provisional exchange data.

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