HDFC Bank, ICICI lift Sensex 167 pts, Nifty above 8800; IT dives
Fri Feb 17 2017
Rajesh Sharma (2002 articles)

HDFC Bank, ICICI lift Sensex 167 pts, Nifty above 8800; IT dives

Equity benchmarks closed off day’s high but the Nifty managed to hold the 8800-mark on Friday, backed by private banking & financials and pharma stocks.

The 30-share BSE Sensex jumped 425 points in opening, led by 10 percent rally in HDFC Bank after RBI lifted its ban on FIIs investment; but failed to hold entire gains as the day progressed. The index ended at 28468.75, up 167.48 points.

The 50-share NSE Nifty rose 43.70 points to 8821.70 after hitting a day’s high of 8896.45 in opening trade.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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