Among individual stocks, Reliance Industries advanced 11%, Axis Bank rose 7%, Hdfc Bank up 5%, Asian Paints advanced 4% and Sun Pharma added 4%. Tata Motors, Tata Steel and Coal India jumped 3% each.
Losers included NTPC going down 3%, Dr Reddy’s 1% down and Power Grid 0.8% down and M&M went down 0.6%.
The minutes of the last Fed Open Market Committee meeting unveiled that the Fed officials are divided respecting interest rate increase. Looking ahead the next week, Global cues will direct the market next week with U.S president Donald Trump likely to be announcing his tax plans.
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