Sensex surged 593 points or 1.08% to settled at a record peak of 55,437. Nifty 50 jumped 164 points or 1.01% to end at 16,529.
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There is euphoria in the markets, the way Nifty has cleared 16,400 is great, but in hindsight for traders this phase has been difficult
M&M, HDFC, ICICI Bank, L&T and ITC were the top gainers. While PowerGrid, Tata Steel, Tech Mahindra, Sun Pharma and Dr Reddy's were the laggards.
The US markets ended higher on Thursday as investors warmed to jobs data showing a steady US economic recovery.
The market breadth was positive as 2,359 shares advanced on the BSE, while 844 declined and 123 remained unchanged
Avoid the buzzing and momentum stocks where valuations are stretched and where there is no earnings clarity
The company will be one of the key beneficiaries of the changing ethanol policy
Sensex rose 117 points or 0.21% to 54,643 at open, while the Nifty 50 index added 29 points or 0.18% at 16,311
Sensex ended 28.73 points or 0.05% lower at 54,525.93, while NSE Nifty inched up 2.15 points or 0.01% to 16,282.25