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Indian benchmark indices end Friday and week on a positive note

India Blooms News Service | | Mar 04, 2016, at 09:52 pm

#Indian benchmark indices end Friday and week on a positive note

Mumbai, Mar 4 (IBNS) Positive cues from a firm global market helped the Indian benchmark indices to post their fourth consecutive day of gains as markets closed for business on Friday.

Sensex was up 39.49 points to end at 24646.48 while Nifty rose 9.75 points to end at 7,485.35.

Metal, banking and real estate stocks overall performed well on Friday.

The market, which had reacted negatively on the day of the presentation of the Union Budget 2016 (Feb 29) remained upbeat for the remaining days of the week and posted its best weekly gain in more than four years.

During the week, hopes of a rate cut by the Reserve Bank of India and the easing of capital requirement rules by the central bank kept market sentiments upbeat.

On Friday, BHEL, SBI, Coal India, Tata Motors and Cipla were among the top gainers while Sun Pharma, Wipro, Maruti, L&T and Reliance were some of the top losers, according to market reports.

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