Indian benchmarks and broader markets end FY 2016-17 on positive note
Profit booking by investors in banking and financial, technology and FMCG stocks prevented the BSE Sensex from holding on to its record intraday closing high and end the day down 26.92 points at 29,620.50
However, NSE Nifty ended flat at 9,173.75 largely due to the sharp rally in Reliance Industries' shares.
Both the indices ended the financial year with upto 18.55 per cent gains, according to reports.
Reliance and NTPC figured among the gainers on both Sensex and Nifty. Other stocks that performed well on Friday were L&T, Maruti Suzuki, Tata Steel, Hindalco, ACC and BPCL.
Top losers on Friday included Axis Bank, ICICI Bnk, HDFC Bank, HDFC, HUL, Bharti Infratel and Grasim.
The central government lowered interest rates on small saving schemes such as PPF, Kisan Vikas Patra, Senior Citizens Savings Account and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, according to media reports on Friday.
Image: Wikimedia Commons
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