-Indian markets rallied on Friday. Nifty hit a new record high amid faster-than-expected economic growth in the September quarter, and exit poll results
-Sensex was up 493 points and closed above 67,400 level.
-Nifty surged 135 points and closed at 20,267.
-As per the latest GDP data, the Indian economy expanded by 7.6% in Sept quarter, faster than the RBI’s estimate of 6.5%
Gainers and losers
From the Sensex pack, ITC, NTPC, Axis Bank, L&T, and Bajaj Finance closed with gains, while M&M, Wipro, Maruti, IndusInd Bank, and Kotak Bank ended with cuts.
Stocks in news
Shares of Tata Technologies ended nearly 7.4% lower due to profit booking after a stellar listing
Gandhar Oil and IREDA shares declined by 7.1% and 4%, respectively, on profit booking.
Sector-wise performance
Nifty Media jumped 2.6%, led by TV18 Broadcast, Zeel, and PVR INOX.
Nifty FMCG, Metal, PSU Bank, and Realty closed over 1% each. In the broader market, Nifty Midcap 100 surged 1.1%, while Nifty Smallcap 100 gained 0.5%.
Global Markets
Asian shares were on the lower side. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%. Japan’s Nikkei was flat, having also jumped 8.5% in November -the best month in three years.
Rupee
The Indian rupee closed stronger on the back of robust domestic economic data and slight weakness in the dollar. The rupee ended at 83.2875 against the US dollar.
