Bulls in Action! Sensex, Nifty hit fresh highs on rally in IT, auto stocks; gain 6% on half-yearly basis

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Key Points

Indian equity indices hit fresh life highs on the last day of June, logging record closing levels led by IT, auto, banking and financial stocks..

While Nifty50 rose 217 points or 1.14% to settle at 19,189 on Friday, Sensex ended 803 points or 1.26% higher at 64,720 after robust economic data from the US eased fears of a slowdown and improved broader sentiment...

The market capitalisation of all listed companies on BSE surged by Rs 2.36 lakh crore to Rs 296.47 lakh crore in Friday's trade..

With positive surprises assisting buoyancy in the global market and the advance of the southwest monsoon, the domestic market succeeded in marching to new highs with renewed strength," said Vinod Nair, Head of Research at Geojit Financial Services...

Global shares were steady on Friday as investors scrutinised inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking...

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