The benchmark Sensex ended a record high of 33.147 for the first time on Thursday as investors and analysts cheered the bank recapitalisation plan and road construction push to kickstart economic growth recovery. We look at key developments affecting the market today.
The BSE registered intra day high and low at 33,270.62 and 33,169.48 respectively. The Nifty rose 176.50 points, or 1.74 per cent, during the week - the most since October 13.
Indian shares ended a lackluster session on a flat note Friday as mixed earnings results prompted traders to book some profits at higher levels after recent sharp gains.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) bought scrip worth Rs 3,582.50 crore, whereas domestic institutional investors (DIIs) sold stocks worth Rs 155.71 crore.
The S&P BSE bank - BANKEX - zoomed by 1,274.17 points or 4.71 per cent.
Indonesia fireworks blast toll rises to 47
Tangerang police chief Hary Kurniawan says the death toll could rise further as numerous dozens of injured have extensive burns. Deadly fires are not uncommon in Indonesia due to poor safety standards that are routinely flouted.
On the currency front, the rupee weakened by 22 paise to close at 65.05 against the United States dollar from its previous close at 64.82-83.
The 30-share Sensex surged 435.16 points, or 1.33 per cent - its biggest single session gain since May 25 when it had surged 448.39 points - to close at a new peak of 33,042.50.
On the other hand, the S&P BSE consumer durables index plunged by 239.38 points and the healthcare index receded by 154.64 points.
However, BhartiAirtel fell 3.91 pct, SBIN 1.90 pct, Wipro 1.72 pct, ICICI Bank 1.44 pct and Hindunilever 1.16 pct.