Indian equity markets close in green; Sensex surges 364 points
NSE's Nifty closed at 8,683.15, up 132.05 points, or 1.54%, highest since July 11.
Indian equity markets ended week in green on the back of positive Asian cues after Bank of England launched a larger-than-expected post-Brexit stimulus package.
The BSE-benchmark Sensex ended at 28,078.35, up 363.98 points, or 1.31%. While, NSE's nifty closed at 8,683.15, up 132.05 points, or 1.54%, highest since July 11.
On 30-share benchmark, the top gainers were JK Tyres (12.76%), Bharat Forge (12.51%), Edelweiss (11.74%), IIFL (10.61%) and PVR (9.85%). Among the top losers were Karnataka Bank (4.31%), Indiabulls Real Estate (3.70%), Glaxosmithkline Consumer Healthcare (2.74%), Muthoot Finance (2.71%) and Just Dial (2.65%).
All the sectors ended positive. Auto sector gained 3.14%. On Friday, Hyundai Motor India Ltd (HMIL) announced that the company will increase prices of its cars across models with effect from August 16 on the back of rise in input costs.
The largest passenger car exporter and second largest car manufacturer in India will hike the prices in the range of Rs 3,000 to Rs 20,000 across models.
Lastly, Bharat Forge, top gainer of the day, announced the financial results for the quarter ended on June 30. The company reported a decline of 38% in net profit at Rs 122 crore for Q1FY17 as compared to net profit of Rs 195.97 crore in the quarter ended on June 30, 2015.