Sensex reclaimed the 28,000 mark and Nifty settled above 8,500


Mumbai : Indian shares ended higher by nearly 1.5 per cent, led by banks on the government's plan to infuse additional capital into public sector banks struggling with bad loans, and on strong corporate earnings posted by blue-chip companies.  The Government on Friday sought Parliamentary approval to infuse Rs. 12,010 crore in public sector banks. Details about bank wise infusion will be made later. Domestic sentiment was also buoyed as the Cabinet approval for amendments to the GST Bill raised hopes of its passage in Parliament. The benchmark Sensex surged 409.21 points or 1.48 per cent to 28,114.56 and the 50-share NSE index Nifty jumped 111.05 points or 1.32 per cent to 8,532.85.
European shares advanced for a fourth straight session to a one-week high on Friday, with forecast-beating earnings reports from some companies underpinning market sentiment.