Sensex rises 448 points

Sensex rises 448 points

The BSE benchmark Sensex on Friday rose on record highs on the back of strong movement from the international markets. At the end of the day, Sensex rallied 448 points and hit 30750 mark. The National Stock Exchange's Nifty gained 149 points to close at 9 510 points. The banking index was the fastest in the daytime transactions.

During the trading, Sensex had reached 30,793. But after the end of the day, Sensex has lost its lead due to increased sales pressure. Earlier, on May 17, Sensex had reached the highest rate of 30712. Nifty had registered an impressive rise of 9,500 points to boost investor sentiment.

The banking index also rose 2.9 per cent to 23191 points by the end of the day. This banking index is also the best rate to date. There was an emphasis on investing in the shares of Federal Bank, Bank of Baroda, ICICI Bank and IndusInd Bank. As a result, the shares of these banks were closed with an increase of 3%.

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