Raymond rose 3.95% to Rs 465.50 after the company's board approved business consolidation to enable monetisation for value unlocking.
The Nifty Auto index rallied 0.55% followed by Nifty Bank gained 0.44%, Nifty FMCG index advanced 0.36%.
RBL Bank informed that the Reserve Bank of India (RBI) has imposed, a monetary penalty of Rs 2 crore on the bank for non-compliance.
Profits at China's industrial firms grew at a weaker pace in August from a year earlier.
Amid profit booking in IT, Pharma and FMCG stocks, Sensex & Nifty failed to uphold gains and closed on a flat note amid volatility.
The lower end of the rising channel acted as support for the Nifty. Now, the index is very much close to the milestone of 18,000.
The Nifty Bank was trading at all-time highs of 38,215 in early trades, while the Nifty Auto index that rose by 1.18%.
The domestic equity benchmarks ended with modest gains on Friday. The S&P BSE Sensex, added 163.11 points or 0.27% to 60,048.47.
The bulls are in strong momentum and as of now, there are no signs of weakness.
Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for September starting from 1 October 2021.