Sensex, Nifty extend record momentum on banking boost
India Today
Benchmark stock market indices edged higher on Friday as banking stocks gained strongly in morning trade.
Indian shares scaled record highs on Friday and were set to post a weekly gain of more than 1%, as banking stocks jumped a day after the country's finance minister laid out details for the establishment of a bad bank.
The blue-chip NSE Nifty 50 index rose 0.52% to 17,721.0 by 9:27 am, having hit a record of 17,741.05 earlier. The benchmark S&P BSE Sensex was 0.58% higher at 59,482.2, a shade lower than the all-time high of 59,550.88.
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