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Sensex jumps 537 points to 37,931, Nifty above 11,400


Equity benchmark indices continued their upward momentum on Friday led by financial and FMCG stocks and gained the most in nearly two months ahead of exit polls of

The galloped 537 points to close at 37,931 while the gained 150 points to wind up at 11,407.

HDFC, Finance, Hindustan Lever, ITC, and were top contributors to the Sensex's rally despite weakness in global markets and rising

At the National Stock Exchange, most sectoral indices were in the green. Nifty Media was up 3.53 per cent, Financial Services 2.56 per cent, FMCG 2.51 per cent, Auto 2.46 per cent and Bank 2.06 per cent.

Among stocks, gained 8.3 per cent and closed at Rs 374.45. Finance was up 5.9 per cent, Finserv 4.7 per cent, Maruti 4.9 per cent and over 4 per cent.

Those which lost included Dr Reddy, Yes Bank, Indian Oil, and

The last phase of seven-stage Lok Sabha elections will wrap up this weekend with exit polls starting to come out on Sunday evening.

Meanwhile, Asian equities were mixed. While Japan's Nikkei bounced 1.5 per cent, stocks slipped amid the fallout from US Donald Trump's move to block China's from buying vital American technology.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 16:47 IST