The 30-share BSE Sensex finished higher on Friday on sustained buying in state-run firms and other blue chips on hopes of attractive dividend pay out.
However, banking stocks slipped on profit-taking after the government clarified that it is yet to take a decision on whether to accept return of capital at a premium or at par.
After trading in a range of 42.24 points, the Sensex edged up 16.50 points to close at 3,180.75, its highest close since April 7.
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The broader NSE S&P CNX Nifty Index rose 4.20 points to close at 1,006,80. Gainers outnumbered losers in heavy trades.
State-run companies rallied on hopes that the government