Sensex Closes At 35,695.10, Nifty Reclaims 10,700-Mark

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Mumbai: The BSE benchmark Sensex jumped 181 points on Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee.

After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points or 0.51 per cent, higher at 35,695.10. Similarly, the broader NSE Nifty ended 55.10 points, or 0.52 per cent, up at 10,727.35. During the week, Sensex fell 381.62 points and the Nifty shed 132.55 points.

The biggest gainers in the Sensex pack in Friday’s session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.

Sectorally, banking, financial services, metal and pharma indices rallied the most, jumping over 2 per cent.

PSU bank stocks led the rally, with PNB, Union Bank, Bank of India, Andhra Bank and SBI surging up to 4 per cent. Global investor sentiment was upbeat ahead of two-day trade talk between the US and China.