Sensex signs off week above 30000 post GST rate anouncement

It took just five trading sessions for NSE benchmark Nifty to rise 100 points to 9,500 yet another record high

The benchmark Sensex finished at a fresh high of 30582, while the broader Nifty closed above the 9500-mark for the first time.

The 30-share Sensex opened on a strong footing and surged to a new peak of 30591.55 before closing 260.48 points, or 0.86 per cent, higher at 30582.60, breaching its previous record close of 30322.12 points reached yesterday.

FMCG stocks hogged the limelight after the GST Council fixed rates for most of the items. The Nifty too, was up by 13.50 points or 0.14 per cent.

Japan's Nikkei was down 0.16 per cent, Hong Kong's Hang Seng advanced 0.15 per cent and Taiwan Weighted was down 0.04 per cent.

BSE Bankex closed down by 1.25 per cent, BSE Capital Goods index closed down by 2.09 per cent, BSE Metal index closed down by 2.76 per cent, BSE Oil & Gas closed down by 1.52 per cent, BSE Power index closed down by 2.14 per cent while the BSE Realty index closed down by 3.12 per cent. London's FTSE rose 0.52 per cent.

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State Bank of India, the country's biggest lender by assets, rose 1.7% to 308.15 rupees on Friday and added about 4% for the week, after posting a 123% increase in on-year in net profit for the quarter ended Mar.31.

Among the worst performers, Yes Bank, Grasim Industries, Bank of Baroda, Eicher Motors, Reliance Industries, Hindustan Unilever, Larsen & Toubro, Mahindra & Mahindra, Bajaj Auto, Dr Reddy's Laboratories, Axis Bank and Tata Motors lost 2-4 percent.

Back home, foreign institutional investors sold shares worth Rs 361 crore on Thursday while domestic institutional investors bought shares worth Rs 898 crore on Thursday, according to the data available on the National Stock Exchange. The BSE IT index was down 0.82 per cent; TS, Infosys, Wipro, Tech Mahindra, HCL Technologies, Hexaware and Tanla Solutions were among the losers.

Coal India rallied 2.62 per cent, followed by NTPC and PowerGrid.

Further, a host of changes have been made in BSE 100, BSE 200, BSE 500, Sensex Next 50 and sectoral indices such as Teck and carbonex.

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