Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
Indian stocks opened higher on Friday in line with gains in the global markets over hopes of a trade truce between the US and China.
Sensex opened at 36,785.59, higher from its previous close of 36,644.42.
The US and China, involved in an expensive trade war, are scheduled to resume talks next month.
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At 9.43 a.m., the benchmark Sensex traded 191.93 points higher at 36,836.35 while the Nifty edged up by 47.55 points at 10,895.45.
Auto stocks were trading in the green as Union Minister Nitin Gadkari said that the government was expected to award road projects worth Rs 5 lakh crore in the coming months, aimed at generating demand for automobile construction equipment.
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