Sensex surged 372.68 points ending at 38,090.64, Nifty50 at 11,515.20

The BSE Sensex closed 372.68 points up at 38,090.64, on Friday, while the Nifty 50 ended 145.30 points higher at 11,515.20 led by heavy gains in financial, realty and pharma stocks. Positive sentiment in global equities boosted local markets.

The rupee also rose, after a falling this week, as retail inflation for August fell below the RBI’s medium term target of 4% for the first time in 10 months. All the sectoral indices on BSE advanced with realty gaining most at 3.29%. Basic materials, power, metal, consumer durables, utilities and oil and gas rose over 2%.

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