Yes Bank Shares Close 5% Higher To Become Biggest Sensex Gainer

The benchmark Sensex reclaimed the 34,000-mark by surging over 100 points in early trade on Friday

The benchmark BSE Sensex ended the session up 184.21 points or 0.54 percent at 34,153.85, while the broader Nifty index rose by 54.05 points or 0.51 percent to 10,558.85.

The 30-share Sensex spurted 205 points, or 0.60 per cent, to all-time high of 34,175.21 points, breaching its previous record high (intra-day) of 34,137.97 scaled on December 27.

Barring oil & gas and PSU, all other BSE sectoral indices ended in the positive zone.

However, auto and realty fell 0.20 per cent and 0.19 per cent, respectively.

Yes Bank (+2.7), Adani Ports (+2.2%), Vedanta (+1.7%), Tata Steel (+1.6%) and Eicher (+1.4%) were the top gainers on Nifty50. Private peers ICICI Bank, Yes Bank, IndusInd Bank, HDFC Bank and Kotak Bank too rose by up to 3.15 per cent.

Idea Cellular rose over 6 per cent, top gainer on BSE, after the telco unveiled a plan to raise Rs 6,750 crore ahead of its merger with Vodafone's local unit.

Domestic sentiment was also buoyed as the rupee appreciated to over 2-1/2 year high of 63.31 against the dollar (intraday).

Brokers said improved liquidity in the market following continuous foreign fund inflows and increased buying by domestic institutional investors after the government moved forward on its bank recapitalisation programme boosted trading sentiments.

The finance ministry yesterday sought Parliament's nod for extra expenditure of Rs 80,000 crore towards recapitalisation of bad loans-saddled public sector banks through bonds.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 96.31 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 269.20 crore on Wednesday, provisional data showed.

Overseas, Asian bourses displayed a strong trend, with Japan's Nikkei rising 0.89 per cent, Shanghai Composite gaining 0.18 per cent while Hong Kong's Hang Seng rose 0.25 per cent.

In 2017, together with most major stock markets globally, Indian equity markets saw strong gains coupled with record-low volatility.

It lost some ground on profit-booking, before finally ending 184.21 points, or 0.54 per cent higher at 34,153.85, smashing its previous record close of 34,056.83 reached on December 29 past year.

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