Sensex, Nifty gain over 1% on heavy buying in banking stocks

A pedestrian walks past the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: PTI

Equity benchmarks climbed over 1% on Friday due to heavy buying in banking and financial counters amid a mixed trend in global markets.

The 30-share BSE benchmark Sensex advanced 909.64 points, or 1.52%, to close at 60,841.88. During the day, it gained 973.1 points, or 1.62%, to 60,905.34.

The broader NSE Nifty settled 243.65 points, or 1.38%, higher at 17,854.05.

From the Sensex pack, Titan, Bajaj Finserv, Bajaj Finance, HDFC Bank, HDFC Bank, State Bank of India, Mahindra & Mahindra and IndusInd Bank were among the major winners.

HCL Technologies, Wipro and Tech Mahindra were among the laggards.

Elsewhere in Asia, equity markets in Seoul and Tokyo ended in the green, while Shanghai and Hong Kong closed lower.

Equities in Europe were mostly trading lower during mid-session deals. Markets in the US closed mostly in positive territory on Thursday.

International oil benchmark Brent crude climbed 0.44% to $82.52 a barrel.

Foreign institutional investors (FIIs) again sold shares on Thursday after a day’s respite. He sold shares worth ₹3,065.35 crore, according to exchange data.