As Nifty closes at life-time high of 15,436 on Friday, know who the biggest market movers were

Sensex jumped 307.66 points and Nifty rallied 97.80 points to give closing of 51,422.88 and 15,435.65, record closing high, respectively on Friday. Domestic equity benchmark Nifty also created its all-time high on Friday, when it zoomed to 15,455.  

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Indian stock market was led by Nifty amid strong global cues and falling covid-19 cases.  

Biggest contributor to Nifty creating life-time high was Reliance Industrie Ltd (RIL), which soared nearly 6 per cent. RIL was followed by Mahindra & Mahindra, HDFC Bank, Housing Development Finance Corporation (HDFC), IndusInd Bank, Kotak Mahindra Bank and Bharti Airtel among others.  

"Domestic equities remained upbeat and recorded fresh high as improved prospects of economy recovery and strong 4QFY21 earnings continued to bolster investors' sentiments. A strong rebound in Reliance Industries was a key driving force," PTI quoted Binod Modi, Head Strategy at Reliance Securities, saying this.

Sustained market rally added over Rs 3 trillion in investors' wealth this week, with the market capitalisation of BSE-listed companies crossing the landmark USD 3 trillion during the week, he noted.
 
Further, a sharp drop in daily COVID-19 caseload in second wave (remaining below 2 lakhs despite higher testing) and improvement in recovery rates have emboldened investors in the last couple of days, he said.
 
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended on a positive note, while Shanghai was in the red. 

Stock exchanges in Europe were also trading with gains in mid-session deals.