Sensex, Nifty rise over 1%; banking, consumer durable stocks surge (Second Lead)
The Nikkei India Services Business Activity Index released on Friday rose from 52.6 in June to 54.2 in July the strongest rate of output growth since October 2016.
At 3.30 p.m the wider Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11 360.80 points higher by 116.10 points or 1.03 per cent from the previous close of 11 244.70 points.
The benchmark BSE Sensex which had opened at 37 327.16 points closed at 37 556.16 points higher 391.00 points or 1.05 per cent from the previous close of 37 165.16 points.
On an intra-day basis it touched a high of 37 582.27 points and a low of 37 319.61 points. The BSE market breadth was bullish with 1 771 advances and 936 declines.
The top gainers on the Sensex were Axis Bank Vedanta Yes Bank ICICI Bank and Kotak Bank while Tata Motors Tata Motors (DVR) Hero MotoCorp Asian Paints and HDFC Bank lost the most.
--IANS rrb/nir