An evening walk down Dalal Street

‘Thank God it’s Friday’ indeed has been the case for D-Street as traders carried on strong momentum all through the week on Friday as well. The Sensex, Nifty and Bank Nifty managed to end the week at record closing highs. In fact, it is the 21st time in 2018 that the index managed to clock this milestone, while the Nifty has achieved it for the 15th time.

With this upmove, the Sensex has hit a record high in 8 out of past 12 sessions so far. The 30-share index has managed to close above 37,300 after hitting an intraday high of 37,368.4, while the Nifty ended above 11,250 after hitting intraday record high of 11,283.4.

The day began on a positive note as gains in metals and FMCG space boosted the market. Hindalco and ITC led the gains chart for both the sectors. Additionally, a surge in financial names also boosted the market, while midcaps’ rally aided sentiment. The index further extended gains through the session as these sectors held the rally as well.

The Sensex surged 352.21 points or 0.95 percent at 37336.85, and the Nifty rallied 111.10 points or 0.99 percent to 11,278.40. The market breadth was positive as 1,638 shares advanced, against a decline of 956 shares, while 178 shares are unchanged.

ITC, Tata Motors, and IOC were the top gainers, while HUL, Adani Ports, Dr Reddy’s Laboratories and Bajaj Finserv were the top losers.