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Friday, 26 May 2017

Sensex Ended Above 31000, Nifty Settled With Almost 1% Gain

The market witnessed a historic day as benchmark indices clocked fresh record highs, with the Sensex clocking 31,000 for the first time ever, along with the Nifty at 9600. The Nifty Bank also hit a record high during the Friday’s trade. The Sensex ended 278.18 points higher at 31028.21, while the Nifty closed up 85.35 points at 9595.10. 

The market breadth was healthy as 1,810 shares advanced against a decline of 854 shares, while 182 shares were unchanged.Private sector banks fired on all cylinders along with mid-caps, metals as well as auto stocks, the indices of which on the Nifty gained the most. Meanwhile, pharma stocks continued to bleed and sulk on the back of poor outlook for the sector in the US as well as bad results at home.  

Top Gainers: Tata Steel, BHEL, ITC, Reliance, Adani Ports 

Top Losers: Sun Pharma Cipla Lupin TCS, Dr Reddys Labs.

Movers and Shakers of the day:

HEG closed higher by 20% at Rs 291.65 per share. 
HPCL closed higher by 11.4% at Rs 567.45 per share.

3M India closed higher by 7.7% at Rs 14029.90 per share.