Sensex on Friday gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level on stellar SBI earnings, rising hopes of a pro-growth Budget and positive global cues. logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks. Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day. Country’s largest public sector lender SBI on Friday reported over 30 per cent jump in net profit December quarter. Its shares zoomed nearly 8 per cent, adding about 86 points alone to Sensex’s 289.83 point surge.
The BSE Sensex resumed higher at 28,888.99 and shot up further to 29,154.67 before ending at 29,094.93, showing a gain of 289.83 points or 1.01 per cent. Besides SBI, major contributors to the index’s gain include TCS, ITC, M&M and ICIC Bank, HDFC and Sun Pharma. The Sensex has now gained 867.54 points, or 3.07 per cent, in four days. Similarly, the CNX 50-share Nifty rose by 93.95 points, or 1.08 per cent, to close at 8,805.50.