- Hero MotoCorp to ride high on volumes and low valuation, say analysts
- Tightening liquidity conditions loom large over foreign flows to India
- Indices see wild swings after US Federal Reserve, RBI raise policy rates
- Rule changes on client fund access have boosted transparency: NSE
- Yield surge hits debt funds after RBI hikes lending rate in surprise move
- Top headlines: LIC IPO to be fully subscribed, Mumbai's power woes ease
- ABB India stock rallies over 10 per cent on strong March earnings
- Ukraine war and Chinese lockdowns weigh on oil markets as OPEC+ meets
- Asian equities witness large outflows for fourth straight month
- Future Retails slips 5% for 8th straight trading day; stock hits new low
Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
Stock market update: Market behemoth Reliance Industries kept the benchmark indices afloat on Friday overpowering selling pressure in HDFC Bank, HDFC, HUL, and Bharti Airtel. The Mukesh Ambani-led company's shares hit fresh record high of Rs 2,394 apiece after they surged over 4 per cent on the BSE. READ ABOUT IT HERE
Overall, the BSE barometer of 30-shares closed above the 58,000-mark for the first time at 58,130 levels, up 277 points or 0.48 per cent. It's 50-share counterpart, meanwhile, marched 89 points higher, or 0.52 per cent, to settle above 17,300 at 17,324. In the intra-day deals, the Sensex hit a new lifetime high of 58,195 while the Nifty50 index touched 17,340.
Besides, the BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals while the BSE SmallCap index gained 0.41 per cent after touching a new high of 27,388.
Market breadth was marginally in favour of buyers with shares of over 1,700 companies advancing as against shares of 1,400 companies that fell on the bourses.