Sensex ends at new peak, posts best wkly gain since Jan 27

Both Nifty, Bank Nifty look strong, buy them on any dips: Experts

However, the broader NSE Nifty slipped from its lifetime high to close at 10,323.05, down 20.75 points, or 0.20 per cent.

Indian shares ended a lackluster session on a flat note Friday as mixed earnings results prompted traders to book some profits at higher levels after recent sharp gains. The Nifty rose 176.50 points, or 1.74 per cent, during the week - the most since October 13.

Japan's Nikkei gained 0.6 percent while South Korea's Kospi rose 0.2 percent and Australian shares rose 0.2 percent. Both the indices outperformed the Sensex.

The gainers were Adani Ports by 4.55 pc to Rs 432.85, Tata Motors DVR by 2.65 pc to Rs 236.65, ONGC by 2.62 pc to Rs 181.95 and Kotak Bank by 2.35 pc to Rs 1042.70.


In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrip worth Rs 640.95crore, whereas domestic institutional investors (DIIs) invested stocks worth Rs 56.57 crore.

Globally, Asian stocks finished broadly higher, with a weakening yen, higher oil prices, optimism over USA tax reform plans, solid industrial profits data from China and encouraging results from US tech companies boosting investor sentiment.

The rupee fell by 27 paise to 65.09 per dollar in late morning deals on month-end dollar demand from importers and gains in the greenback in overseas markets.

On the currency front, the rupee weakened by 22 paise to close at 65.05 against the USA dollar from its previous close at 64.82-83.

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