Sensex, Nifty end with gains for the third week in a row
Sensex
Domestic stock market indices advanced by 1.5 per cent on Friday led by gains by big firm which become net debt-free ahead of its March 2021 target.
The S&P BSE Sensex today gained 524 points or 1.53 per cent to settle at 34,732. Of 30 stocks on the index, 18 ended in the green and rest 12 in the red. Besides RIL, ICICI Bank, HDFC Bank, Bajaj Finance, and Bharti Airtel were the major contributors to the index's gains.
NSE's Nifty50 ended at 10,244, up 153 points or 1.5 per cent with 33 constituents advancing, 16 declining and 1 remaining unchanged. Volatility index, India VIX, dipped over 5 per cent to 29.78 levels.
Every week, Sensex gained nearly 3 per cent while Nifty added 2.7 per cent.
Meanwhile, Asian shares wobbled in choppy trade as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. Japan's Nikkei gained by 0.55 per cent and South Korean stocks rose by 0.37 per cent amid concern about diplomatic tension with North Korea. Shares in China rose by 0.96 per cent led by gains in financials and healthcare sector while Hong Kong`s Hang Seng edged up by 0.73 per cent.
(With inputs from agencies)
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