Sensex rallies over 300 points, Nifty jumps 113 points

Equity benchmark Sensex surged over 300 points on Friday, after a day of negative trade as banking and finance stocks continued to shine amid sustained foreign fund inflow.

After hitting a high of 34,405.43, the 30-share index closed 306.54 points, or 0.90%, higher at 34,287.24. 

Similarly, NSE Nifty rose 113.05 points, or 1.13%, to close at 10,142.15.

SBI was the top gainer in the Sensex pack, rising around 7.9%, followed by Tata Steel, Bajaj Finance, HDFC Bank, NTPC and Axis Bank. 

TCS, Hindustan Unilever, Bajaj Auto, Infosys, Nestle India and HCL Tech were among the laggards.

In the Nifty pack, Tata Motors, SBI, InfraTel, Tata Steel led the gainers while TCS, Hindustan Uniliver, Bajaj Auto and Cipla were the top laggards. 

In the previous session, the BSE barometer settled 128.84 points or 0.38 per cent lower at 33,980.70, while the broader Nifty slipped 32.45 points or 0.32 per cent to close at 10,029.10.