Sensex surges 350 points, Nifty tops 11,250 led by ITC, RIL, ICICI Bank

Benchmark indices BSE Sensex and NSE’s Nifty 50 soared to fresh record highs on Friday led by gains in market heavyweights ITC, Reliance Industries and ICICI Bank. Stocks rally as sustained capital inflows and first-quarter earnings boosted investor sentiment amid mixed global cues. During the day, BSE Sensex surged 383.98 points to a fresh record high of 37,368.62, while the Nifty 50 rose 116.1 points to a new high of 11,283.40. Moreover, foreign investors purchased shares worth a net of Rs 2,453.57 crore on Thursday, while local investors sold shares worth a net of Rs 2,716.04 crore, provisional data showed. The Indian rupee was trading little changed against the US dollar, following mixed trend in Asian currencies. Global stocks rose as strong earnings and US and Europe pact to ease trade tensions this week boosted investor confidence. Oil prices edged lower in quiet trading after three days of gains.
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