Nifty scales record level, Sensex at 2-month high

Nifty ends at all-time high Sensex zooms over 250 points

13 October, 2017 10:03 IST

The index was up 1.81 percent for the week. However, it shed all gains and ended the session 0.51 per cent lower at Rs 19.45.

Among individual share moves, Bharti Airtel rose as much as 9.2 per cent to its highest since August 29 and was the top percentage gainer on both Nifty and Sensex, while Tata Teleservices (Maharashtra) Ltd jumped 9.9 per cent.

On the other hand, Adani Ports and Special Economic Zone (0.45%), NTPC (0.31%), Dr Reddy'S Laboratories (0.23%), Hindustan Unilever (0.18%), Sun Pharmaceutical Industries (0.12%), and Kotak Mahindra Bank (0.06%) were the biggest losers in the Sensex.

The NSE Nifty50, gained 71.05 points or 0.70% to close at 10167.45, a fresh high.

Asian stocks are mostly higher amid cautious trades on Friday as investors await the release of Chinese trade data for September later in the day.

Indian shares recorded their best weekly gain in three months, with the Nifty index hitting a record high on Friday, driven by advances in index heavyweights Bharti Airtel and Reliance Industries.

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After market hours on Thursday, Tata Sons Ltd. and Bharti Airtel said that Tata will sell its consumer mobile business to Bharti Airtel on a debt-free, cash-free basis as part of the company's strategy to exit the business.

India's consumer price inflation held steady in September, defying expectations for an acceleration, preliminary data from the Central Statistics Office showed Thursday. Tata Teleservices was up by 0.44 points or 9.95% at 4.86 a share.

The gauge had shot up 348 points on Thursday.

The 30-share barometer settled higher by 250.47 points, or 0.78 percent, to 32,393.26 after moving in range of 32,508.59 and 32,247.74. For the second straight week, the Sensex added 618.47 points, or 1.94 percent, while the NSE Nifty gained 187.75 points, or 1.88 percent.

The Nifty50 provisionally closed (at 3.30 p.m.) at a new high of 10,167.45 points, after scaling a fresh intra-day high of 10,191.90 points.

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