Recovering from sharp losses in the previous session, domestic stock markets closed on a positive note on Friday. The indices were boosted by a report that Warren Buffett’s Berkshire Hathaway Inc might take a stake in private-sector lender Kotak Mahindra Bank Ltd. Bombay Stock Exchange (BSE) benchmark index Sensex settled at 35,673.25, up 361.12 points or 1.02 per cent from the previous close, and the Nifty50 index of the National Stock Exchange (NSE) fell 99.90 points or 0.94 per cent to close at 10,701.05. Most of the sectoral indices ended in the green led by banking and financial services stocks.
Thirty three of 50 Nifty stocks closed in the green, with Kotak Bank being the top gainer on the index, settling 8.84 per cent higher. Other major gainers on the 50-scrip index Nifty were Bajaj Finserv, Adani Ports, Bajaj Auto and Dr Reddy’s.
Twenty one out of 30 Sensex stocks closed in the green. Top laggards in the 30-share Sensex pack were Kotak Bank, Adani Ports, Bajaj Auto, Infosys, Asian Paints and HeroMotoCorp. Kotak Bank, Infosys and Reliance contributed the most to the gains.
Software services firm HCL Technologies plunged after it agreed to buy some software assets from International Business Machines Corp for $1.80 billion.
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