Sensex, Nifty post biggest weekly gain in 8 months; Airtel rallies 4.8%
Benchmark indices settled the day on a higher note, extending gains for the fourth day straight, as investors remain optimistic ahead of the Union Budget next week. Better than expected corporate earnings also aided the sentiment.
Nifty, Sensex posted their biggest weekly gains since May 27, led by gains in banking and financial stocks.
The S&P BSE Sensex ended the day at 27,882, up 174 points, while the broader Nifty50 settled at 8,641, up 38 points. In the broader market, the BSE Midcap and BSE Smallcap indices rallied 0.6% and 0.5% respectively.