Sensex ends up 259 pts, Nifty up one pct on F&O expiry

The market on Friday extended rally amid the F&O expiry day. The Sensex traded up 259.33 points or 0.97 percent at 26999.72 and the Nifty up 83.75 points or 1.02 percent at 8287.75.

Shares such as TCS, Tata Motors, ICICI Bank, Axis Bank and HDFC Bank were top five contributors to Sensex's gains.

Multi-lateral lender World Bank announced funding support of USD one billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, to collaborate on increasing solar energy use across the world, with a goal of mobilizing USD one trillion in investments by 2030.

The pact was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and World Bank Group President Jim Yong Kim.

The initial public offer of staffing firm Quess Corp has been oversubscribed 1.16 times till the afternoon trade on the second day of the three day bidding.

The IPO received bids for 82,07,820 shares against the total issue size of 70,96,774 shares. Promoted by Ajit Isaac and Thomas Cook (India), Quess Corp's IPO has a price band of Rs. 310-317 per equity share having a face value of Rs. 10 each.