Equity benchmarks rose marginally to close at record highs for the fourth straight session on Friday, buoyed by bank, finance and IT shares. Gains were muted as investors turned jittery at the fag end of the session on macroeconomic concerns after Fitch Ratings cut India’s GDP growth forecast for 2019-20, traders said.
After opening on a firm footing, the 30-share BSE Sensex closed 7.62 points, or 0.02 per cent, higher at 41,681.54. It hit a lifetime intra-day high of 41,809.96 during the session. Similarly, the broader NSE Nifty rose 12.10 points, or 0.09 per cent, to its new record of 12,271.80. It hit an intra-day high of 12,293.90.
During the week, the Sensex rose 671.83 points or 1.63 per cent, while Nifty advanced 185.10 points or 1.53 per cent.
Tata Steel was the top gainer in the Sensex pack on Friday, rallying 3.23 per cent, followed by SBI, Yes Bank, Hero MotoCorp, ICICI Bank and Bharti Airtel.