Bharti Airtel was the top gainer in the Sensex pack, rallying over 4%, followed by Bajaj Auto, TCS, Titan and HCL Tech.
Sensex on Friday jumped 178 points to breach the 36,000 level amid global cues as reports of a potential COVID-19 vaccine buoyed the investors' sentiments.
After touching the intra-day high of 36,110.21 and the day's low of 35,872.38, the 30-share BSE index settled 177.72 points, or 0.50%, higher at 36,021.42.
Similarly, NSE Nifty rose 55.65 points, or 0.53%, to end at 10,607.35.
Bharti Airtel was the top gainer in the Sensex pack, rallying over 4%, followed by Bajaj Auto, TCS, Titan and HCL Tech while IndusInd Bank, Tata Steel, HDFC Bank and Bajaj Finance were among the laggards.
Experts said domestic indices took cues from Asian peers that followed overnight gains on Wall Street after positive jobs data release in the US and reports of a potential COVID-19 vaccine.
This was a good week for the markets as Sensex closed over 2% from the last week.
“It was a good week for global equities as concerns over reports of a resurge in Covid-19 infections in the US were offset by improving macroeconomic data points as reflected by the strong non-farm payrolls data in the US," Sanjeev Zarbade, VP PCG Research, Kotak Securities said.
"Even economic data from China has shown continued strength. The Sensex is seen closing 2% plus for the week. Market mood remained buoyant, bolstered by an uptick in activities and consumption. Infosys, TCS and HDFC were among the top gainers while Sun Pharmaceuticals, NTPC and Power Grid lost ground in the BSE-30 Index," he said.
"On the economy front, total GST collection was at Rs 909 bn for May, Rs 620 bn for April and Rs 323 bn for March. FPIs sold equities worth US$690 mn over the past five trading sessions while DIIs bought US$730 mn worth of equities in the same period. After a period of sustained one-way movement, it is natural for investors to get complacent. They should guard against this. Risks to the markets emanate from further spiraling of infections and flare-up on Indo china border," Zarbade said.
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