Indices wrap up week in green; Sensex closes up 186 points

Indian equity markets ended the week on a positive note amidst strong global cues.

The 30-scrip, BSE Sensex jumped 186 points to close at 28,599.03 points on Friday, while the larger 51-scrip index, NSE Nifty closed up 37.30 points 0.43% at 8,779.85 points.

A report by IANS stated that reduced chances of a Federal rate hike along with foreign fund inflows and value buying, lifted the Indian equity markets during the mid-afternoon trade session.

The benchmark index saw the day’s high at 1045 hours trading at 28,771.96 points after opening at 28,520.30 points.

Surge in Asian markets also fuelled the climb in domestic trade as IANS report stated that both the key indices traded with gains of more than half a per cent each.

The top gainers in today’s trade were Wockhardt Ltd (8.28%), Thermax Ltd (8.12%), Prestige (7.94%), Den (7.79%) anf GE T&D India Ltd (6.31%). 

Among the losers were UCO Bank (7.64%), Jaiprakash Power Ventures Limited (7.28%), Polaris Consulting & Services Limited (7.28%), Balkrishna Industries (5.43%) and Punj Lloyd (5.98%).