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Week-end Market: Sensex-Nifty Close Higher; Banking Stocks Lead

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On Friday, the Sensex closed at 41,613-levels, up by 0.55% or 227 points, while the Nifty closed the session at 12,248 levels, up by 0.56% or 68 points, led mainly by banking stocks, investors optimistic for the release of the Union Budget-2020 next week.

Friday’s top five gainers on NSE Nifty were Yes bank up by 3.91%, Ultratech Cement up by 2.58%, Britannia up by 2.44% Tech Mahindra up by 2.33% and Axis Bank up by 2.21%. On downside, PowerGrid slipped 2.45%, followed by Cipla down by 1.38% and IndusInd Bank down by 1.06 percent.

The Nifty Bank index ended 0.77% higher at 31,241.75, with Yes bank, Axis bank,Federal bank, Kotak Mahindra Bank and ICICI Bank 1.47 to 3.91 percent each.

Among key stocks, TCS settled 0.27% down, closing at Rs 2,185 per share on NSE, for the day. Avail the most updated  Stock tips for tomorrow  from the website.

Shares of Reliance Industries ended ended 0.18% lower for the day, quoting share price at Rs.1524.05 on NSE.

HDFC Bank stock closed 0.08 percent higher at Rs.1245.80-per share for the day, while Housing Dev Finance (HDFC) closed 0.85% to Rs.2449.15-per share