Nifty Metal index ended 2.8% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) JINDAL STEEL 223.05 209.90 13.15 6.26 NMDC 108.10 103.35 4.75 4.60 HINDALCO INDS. 230.50 221.05 9.45 4.28 NATL. ALUMINIUM 64.70 62.05 2.65 4.27 WELSPUN CORP 118.40 113.80 4.60 4.04 Nifty sectoral performers of the day BSE Sensex: Tata Steel, RIL among top gainers of the day Market at close The S&P BSE Sensex ended at 35,423, up 386 points while the broader Nifty50 index settled at 10,714, up 125 points. IDBI Bank gains 12% ahead of Irdai meeting IDBI Bank has rallied 12% to Rs 55.85 on the BSE on the back of heavy volumes ahead of the Insurance Regulatory and Development Authority of India (Irdai) meeting today to consider Life Insurance Corporation’s (LIC’s) proposal to pick up a substantial stake in the bank. READ MORE India's spice export grows by record 8% to 1 million tonnes in 2017-18 India exported a record 10,28,060 tonnes of spices and spice products in 2017-18 as against 9,47,970 tonnes in 2016-17, an increase of almost 8 per cent. In dollar terms, exports of spices were pegged at $2,781.46 million, notching an increase of five per cent as compared to 2016-17. READ MORE
The S&P BSE Sensex ended at 35,423, up 386 points while the broader Nifty50 index settled at 10,714, up 125 points.
Among sectoral indices, the Nifty Metal index settled 2.8% higher led by a surge in the shares of Jindal Steel & Power, NMDC and Hindalco Industries. The Nifty PSU Bank index also rose 1.35% led by IDBI Bank, Oriental Bank of Commerce and Syndicate Bank.
On the BSE, the S&P BSE Midcap index rose 1.8% higher on Friday and the S&P BSE Smallcap index ended 1.9% up.
Among individual stocks, Tata Steel was the biggest gainer on S&P BSE Sensex, gaining 3.6% to settle at Rs 567.85. The market heavyweight Reliance Industries also rose 3% to end at Rs 972.95 on Friday.
(with inputs from Reuters)