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MARKET LIVE: Nifty hovers near record high, Sensex up 350 pts; RIL gains 5% – Business Standard

LIVE market updates: The Indian benchmark indices extended early gains in Friday’s noon deals, with major contribution from heavyweights Reliance Industries and the HDFC twins.

The S&P BSE traded 400 points, or 0.8 per cent, higher at 51,520 levels and the index topped the 15,450-mark after earlier surpassing the earlier record high of 15,431.75. Reliance Industries rose 5 per cent and was the top gainer, followed by ONGC, Kotak Mahindra Bank, and HDFC (all up 1%).

The Nifty sectoral indices were mixed, with Nifty Metal index, up 1.7 per cent, leading the gainers.

In the broader markets, the S&P BSE MidCap traded 0.3 per cent higher while the SmallCap index was flat.

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