Sensex and Nifty peak fresh record high, Idea Cellular gains

stock market trading up Share markets opened marginally higher on Friday on positive economic cues. The BSE Sensex was up 170.16 points or 0.50% at 34,139.80. The NSE Nifty-50 index was up 46.25 points or 0.44% at 10,551.05 in the later morning hours.

Shares Idea Cellular limited rose on the back of fundraising plans that involves raising Rs 3250 crore by selling shares on a preferential basis.

Shares of Maruti Suzuki, Yes Bank, Adani Ports, TCS, Tata Steel, Bharti Airtel gained up to 2.25% and were among the top gainers of Sensex stocks. The heavyweight shares such as TCS, Infosys, Maruti Suzuki, HDFC Bank, ITC, L&T, Yes Bank, HDFC, and contributed the most to the Sensex upsurge.

The Nifty Metal Index rose higher, led by gains in shares of Hindalco Industries and Vedanta, over 1 percent, tracking the overnight rise in global metal prices.

The Indian rupee gained more strength, ending at a fresh 2½ year high against the US dollar on Thursday. The rupee opened down by 5 paise at 63.58, but very swiftly pared the morning losses and added 16 paise to hit a day’s high of 63.37 vs the US dollar.