Mumbai On the last day of the trading week, both the benchmark Sensex and Nifty of the domestic stock market closed on Friday on the strength of banking groups.
Today the market continued to boom for the seventh consecutive day. While the Nifty closed above 11900, the Sensex gained 326 points. The Sensex and Nifty closed higher on the strength of the banking group’s shares after the Reserve Bank of India Monetary Policy Committee kept the repo rate unchanged at 4 per cent. The Sensex gained 326.82 points or 0.81 percent to close at 40509.49 and the Nifty gained 79.60 points or 0.67 percent to end at 11914.20.
Today it gained 1216 shares, 1426 shares declined and 164 shares remained unchanged. Wipro, Axis Bank, SBI, ICICI Bank and HDFC Bank were the major gainers on the Nifty, while Grasim Industries, UPL, Hindalco, Sun Pharma and SBI Life Insurance declined.
FMCG, Auto, Metal and Pharma indices were sold during the business. Banks, infra and IT index closed on the green mark.