The Indian markets on Friday closed higher after touching its life high levels, benchmark indices Sensex and Nifty surged above 52600 and 15800 mounts intraday today, amid strong global cues and declining covid cases in the country.

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BSE Sensex closed 174.29 points or 0.33 per cent higher to 52474.76, while Nifty ended at a record high at 15799.35, 61.60 points or 0.39 per cent higher on Friday.

Other important indices such as Nifty Bank closed flat but negative at 83.8 or 0.24 per cent lower to 35047.4, whereas Mid-cap Index too ended 60.7 or 0.22 per cent higher at 27329.15 today.

Of 50 scrips on Nifty50, 23 advanced and 27 declined on Friday. Metal stocks surged most such as Tata Steel, JSW Steel, Coal India and Hindalco become the most gainer at close by surging 4.37, 3.78, 3.67 and 3.17 per cent each respectively during today’s trade.

While banking stocks such as Axis Bank, IndusInd Bank and Bajaj Finance are the top laggards but declined marginally, while Divis Lab and L&T too declined marginally, all of the below a per cent.

Sectoral-wise, Nifty Metal, followed by Nifty IT surged most today at the close than peers. The former grew by over two and a half per cent and the latter by over one and a half per cent today. Nifty Realty and Nifty Media slumped most during today’s trade at the close.

Backed by firm global cues, the frontline S&P BSE Sensex hit an all-time high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals. In the broader markets, the BSE MidCap and SmallCap indices, too, touched new peaks of 23,045 and 25,249 levels, respectively.

The strong global markets gave huge support to the domestic markets, as bulls rode the global momentum on Dalal Street on Friday. US Bond yields and Euro zone fell, with German 10-year yields set for their biggest fall this year, as investors bet on ultra-lose monetary policy to stay in place.