Equity indices surge to fresh highs on global cues, healthy buying

Key Indian equity indices on Friday surged to provisionally close at fresh highs on the back of broadly positive global cues and healthy buying in index heavyweights like State Bank of India, Larsen and Toubro, Tata Motors and ONGC.

The broader Nifty50 of the National Stock Exchange scaled a fresh intra-day high of 10,461.70 points and the barometer 30-scrip Sensitive Index (Sensex) of the BSE of 33,733.71 points.

On closing basis (at 3.30 p.m.), the Nifty50 rose by 28.70 points, or 0.28 per cent, to a new high of 10,452.50 points. Its earlier record was 10,440.50 points (November 1).

Surpassing its previous record closing at 33,600.27 points, the BSE Sensex provisionally closed at a fresh high of 33,685.56 points -- up 112.34 points, or 0.33 per cent.

The BSE market breadth was bullish -- 1,429 advances and 1,312 declines.

On Thursday, the benchmark indices closed on a flat-to-negative note. The Nifty50 fell by 16.70 points, or 0.16 per cent, to close at 10,423.80 points, while the BSE Sensex closed at 33,573.22 points -- down 27.05 points or 0.08 per cent.

--IANS

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