Sensex ends 139 pts greater; Nifty tops 15,850

Equity benchmark Sensex rose 139 factors on Friday following features in ICICI Bank, ITC and SBI amid a largely optimistic development in world markets.
The 30-share BSE index ended 138.59 factors or 0.26 per cent greater at 52,975.80, whereas the broader NSE Nifty superior 32 factors or 0.20 per cent to fifteen,856.05.
ICICI Bank was the highest gainer within the Sensex pack, rising over 3 per cent, adopted by ITC, SBI, HCL Tech, Axis Bank, Bajaj Finserv and Tech Mahindra. On the opposite hand, L&T, HUL, Reliance Industries and NTPC had been among the many laggards.
Domestic market traded range-bound however prolonged features reasonably on sustained rebound in financials, mentioned Binod Modi, Head-Strategy at Reliance Securities.
“Improved prospects of credit growth rebound with visible pickup in economy and comfortable valuations bode well for financials. However, it was not a broad-based rally as midcap and smallcap indices lagged as profit booking was visible in many counters,” he famous.
A pointy restoration in world markets together with shopping for on dips propelled home equities to see sharp rebound within the final two days, Modi added.
Elsewhere in Asia, bourses in Shanghai and Hong Kong had been within the purple, whereas Seoul ended with features.

Equities in Europe had been buying and selling on a optimistic word in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude declined 0.01 per cent to USD 73.78 per barrel.