Sensex trading higher, Nifty above 10350 level; Infosys top gainer

Sensex trading higher, Nifty above 10350 level; Infosys top gainer

Sensex trading higher, Nifty above 10350 level; Infosys top gainer

The 50-share NSE Nifty after moving between 10,374.30 and 10,307.30 settled flat at 10,348.75, up 6.45 points, or 0.06 per cent.

Mumbai: Benchmark Nifty continued its rally for the 7th consecutive session to close at 10,389.70 on Friday, driven largely by buying support from FMCG, pharma, IT, media and energy sectors. At 9.43 a.m, the Sensex was trading up 17.43 points or 0.05% at 33,578.98 with 19 components gaining.

Ongoing reforms and likely slower than expected Fed rate hike also caused positive momentum in the market.

The broader markets outperformed, with the Nifty Small Cap and Midcap indices rising 0.50 per cent and 0.38 per cent, respectively.

After trading steady through the day, frontline indices ended the week on a very positive note as the Nifty closed just short of 10,400-mark. In Friday's trade, all sectoral indices, apart from those of banks and metals, finished with gains.

Among the top Sensex gainers, Infosys rose 2.1 percent, Sun Pharma advanced 1.3 percent, Bharti Airtel added 1.3 percent while Reliance Industries rose 0.8 percent.

USA stock markets remained closed yesterday on account of Thanksgiving holiday.

The BSE market breadth was bullish - 1,510 advances and 1,225 declines. The market capitalisation of listed firms on NSE stood at Rs 1,44,38,892.20 crore.

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