Mumbai: The BSE Sensex on Friday touched the 38,000 mark for the first time since September, supported by healthy buying in the banking and finance stocks.Also Read - Sensex Crashes 1400 Points, Over Rs 6.5 Lakh Crore Investor Wealth Lost. How New Covid Variant Is Spooking Share Market
The Nifty50 on the National Stock Exchange also touched 11,400 points after a period of six months. Also Read - Sensex Plunges Below 60,000, Nifty 50 Tanks Over 180 Points. Here is Why
Gains in the major Asian markets also aided the rise in the Indian indices, analysts said. Also Read - Sensex Hits Lifetime High of 61K; Nifty Posts Record Opening; Check Top Stocks
Around 10 a.m., the Sensex rose 270 points to touch an intra-day high of 38,024.95 points.
The Sensex, however retreated from the day’s high to trade at 37,979.61 (10.48 a.m.), higher by 224.72 points or 0.60 per cent from the previous close of 37,754.89 points.
It had opened at 37,760.23 points and so far it has touched a low of 37,760.23 points.
The top gainers on the Sensex were Kotak Mahindra, Power Grid and State Bank of India (SBI) and the major losers were Bharti Airtel, Hindustan Unilever and Tata Motors.
The Nifty50 on the National Stock Exchange traded at 11,414.30, higher by 71.05 points or 0.63 per cent from its previous close.