Stock Market Closing: Sensex, Nifty end at record highs for 2nd session in row; Tata Consumer, TCS shares surge most

The Indian markets created history by closing at fresh record highs for the second straight day, as the BSE Sensex concluded above 55400-level and Nifty50 surged past 16500-mark. 

The BSE Sensex grew almost 600 points or 1.08 per cent to 55,437.29, while Nifty50 jumped near 165 points or 1.01 per cent to 16,529 levels at the market close on Friday. While Mid-Cap index underperformed the benchmarks to close negative by over 110 points or 0.4 per cent to 27573.

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Another important Index for Nifty50, Nifty Bank ended over 210 points or 0.59 per cent to 36147 levels, led mainly by HDFC Bank and SBI    

Out of 50 scrips on Nifty50, 30 advanced, 20 declined at the close. Tata Group stocks, Tata Consumer and TCS, lifted the market most by being the top gainers on Friday, as the former grew by 4 per cent, while the latter by over 3 per cent, followed by L&T and HCL Tech both gaining by 2.5 per cent. 

While Tech Mahindra touching a new 52-week intraday, closes second-best today by around 5 per cent higher, followed by Tata Motors up almost 4 per cent and HCL Tech almost 3 per cent. Other heavyweights such as Larsen & Toubro and Titan Company jumped over 2 per cent at close.  

On the contrary, Eicher Motors became the biggest laggard amid weak Q1 results, it declined by near 3 per cent in an otherwise positive market today, followed by Dr Reddy’s, which is tumbling since yesterday, ended1.5 per cent lower. While Power Grid, Cipla, and Britannia each slipped by over 1 per cent on the last day of trade this week.

Nifty Pharma along with Auto, Media and Realty declined most today, while the rest all other sectors on Friday ended positive at the market close. The Pharma Index has been on the decline for the third straight session today, down around 0.5 per cent while Nifty IT continued its gaining streak and ended1.3 per cent at the close, followed by banking and financial stocks.