Indian equities posted their fifth consecutive day of gains on Friday after the US Federal Reserve held their interest rates steady a day before.
The NSE Nifty 50 closed 159.75 points or 0.69% higher at 23,350.40, while the BSE Sensex ended 557.45 points or 0.73% up at 76,905.51. The rally in India's benchmark indices was powered by gains in realty, energy and pharma stocks.
SBI Life Insurance Co. was the top gainer as the stock soared as much 3.67% to trade at Rs 1,553.20 apiece. The second biggest performer was NTPC Ltd., which gained 3.54% to Rs 353.85 apiece during the day. At market close, the stock gained as much as 2.79% to Rs 351.30 apiece.
Bajaj Finance Ltd. also closed the day with gains as the stock soared 4.72% during the session to trade at Rs 9,089 apiece.
The top laggard was Trent Ltd. as the stock fell 1.84%, along with Mahindra & Mahindra Ltd. that closed 0.93% at Rs 2,801.85. Wipro Ltd., Hindalco Industries Ltd. and Infosys Ltd. followed.
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