After trading steady through the day, frontline indices ended the week on a very positive note as the Nifty closed just short of 10,400-mark. United States markets closed on a soft note after Federal Reserve released the minutes of its previous meeting which showed that the policy makers are largely positive about the economy but worry that market prices are getting out of hand.
NSE Nifty opened higher at 10,366.80 and moved in a range of 10,404.50 and 10,362.25 before ending higher by 40.95 points.
FMCG stocks rallied the most. Asian stocks gained after volatile trade.More news: You are what you drink
The 30-share index traded higher by another 45.15 points, or 0.13 per cent, at 33,606.70.
The stock market made a sedate start today as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.
However, infra fell by 0.38 per cent, PSU bank 0.36 per cent, financial service 0.32 per cent, metal 0.26 per cent, auto 0.24 per cent and bank 0.12 per cent.More news: Chelsea star puts contract talks on hold as Real Madrid circle
The big movers that supported the key indices include Bajaj Auto, Infosys, Kotak Bank and Reliance Industries, rising by up to 1.64 per cent. The market breadth was positive as 1506 shares advanced against a decline of 1,227 shares, while 154 shares were unchanged.
A total of 14,162.76 lakh shares changed hands in 10,270,944 trades.More news: Kevin Spacey Under Investigation for Second Assault Claim in Britain