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Sensex Rises 320 Points; Nifty Nears 20,200
(RTTNews) - Indian shares advanced on Friday on the back of upbeat global sentiment after the European Central Bank signaled that Thursday's rate hike could be the last hike in the current cycle.
Robust U.S. economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.
Also, China reported improved economic data for August and also announced a cut to banks' reserve requirement ratio, helping spur a global rally.
Benchmark indexes Sensex and Nifty scaled fresh record highs for a second day running, tracking strength across world markets.
The benchmark S&P BSE Sensex ended the session up 319.63 points, or 0.47 percent, at 67,838.63 while the broader NSE Nifty index closed up 89.25 points, or 0.44 percent, at 20,192.35.
Bajaj Auto topped the gainers list to rally 6.3 percent, while Hero MotoCorp, Mahindra & Mahindra, Grasim and HCL Technologies all rose around 2 percent.
On the flip side, Asian Paints, Hindustan Unilever and BPCL all ended down over 1 percent.
Asian Markets Trade Mixed
Sensex, Nifty Seen Tad Higher At Open
Thai Stock Market Expected To Open In The Red Again On Monday
Indonesia Bourse May Turn Lower Again On Monday
Japanese Market Sharply Lower; Down 2%
No Help Yet For Hong Kong Stock Market
Lower Open Predicted For China Stock Market
