BusinessIndia

Sensex touches 36k level; up by 177.72 pts

Mumbai: The Indian equity market remained strong for the third straight session on Friday, as BSE Sensex advanced by 177.72 pts at 36,021.42 following gains in Telecom, Power, Capital Goods and Industrial stocks.
The Nifty of national stock exchange too rose by 55.65 pts to 10,607.35.

The Nifty registered day’s high and low at 10,631.30 and 10,562.65 points respectively.
The Sensex opened higher by 182 pts to 36,025.38. During the day it rallied by 267 pts to 36,110.21, before closing at 36,021.42, up by 177.72 from its previous close.

The indices that kept the rally intact were Telecom, Power, Technology, Capital Goods and Industrial stocks.
In scrips, Bharti Airtel (up 4.05 per cent) and Bajaj Auto (up 2.5 per cent) were the top Sensex gainers.
Reliance Industries gained 1.5 per cent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 per cent stake.

Moreover, JB Chemcials rose 3 per cent after it said global investment firm KKR will pick up a controlling stake of 54 per cent in the company.

Meanwhile, HDFC Life gained around 4.5 per cent as the company will replace Vedanta on Nifty with effect from July 31.

The Mid cap rose by 0.56 pc and Small Cap by 0.47 pc. In 30 scrips, 19 advanced while 11 declined.

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