Benchmark Sensex rallied to 33,940 and the Nifty 10,493 -- both all-time closing highs -- driven by IT, technology and capital goods shares amid unabated domestic institutional buying.
The 30-share BSE Sensex opened on a strong footing at 33,768.47 and hit a fresh intra-day high of 33,964.28. It ended at 33,940.30, a new closing, up 184.02 points, or 0.55 per cent.
The previous closing record was on December 19 when it had finished at 33,836.74. The index had lost 80.46 points in the previous two sessions.
The broader Nifty gained 52.70 points, or 0.50 per cent, to end at a fresh peak of 10,493, breaking its previous record of 10,463.20 hit on December 19.
For the third straight week, the Sensex advanced, notching up a significant 477.33 points, or 1.42 per cent. The Nifty was up 159.75 points, or 1.54 per cent, during the week.
The rupee soaring to an over fresh three-month high against the dollar during the day fuelled the upward trend.
The stock exchanges will remain closed on Monday for Christmas.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.