Mumbai:The bulls roared on Friday as headline indices BSE Sensex and Nifty 50 ended on a positive note led by buying in financial and metal stocks. The 30-share Sensex gained 306 points or 0.90 per cent to settle at 34,287, while the Nifty 50 index advanced 113 points or 1.13 per cent to settle just below the 1,150-mark. Nifty PSU Bank index gained the most in today’s trade, up 6.85 per cent led by gains by J&K Bank, Punjab National Bank, Bank of Baroda and State Bank of India. “Our domestic markets are largely mirroring the global counterparts in the absence of any positive trigger on the local front. We reiterate our positive yet cautious view, citing immediate hurdle around 10,250 in Nifty,” said Ajit Mishra, VP – Research, Religare Broking Ltd.
SBI top Sensex gainer: State Bank of India (SBI) reported a four-fold jump in fiscal fourth-quarter standalone net profit at Rs 3,580.81 crore in the quarter ended March 31. During the intraday trade, stock gained up to 9 per cent. SBI share price settled 7.90 per cent higher at Rs 187.80 apiece. Among other Sensex gainers were Tata Steel, Bajaj Finance, HDFC Bank and NTPC.
