Stock Market Highlights: The key benchmark indices rallied sharply in the last half-hour of trades on Friday led by strong gains in IT, and a recovery in banking shares.
The S&P BSE Sensex scaled a fresh summit at 66,160, and eventually ended with a gain of 502 points at 66,061. The NSE Nifty50 hit a new high at 19,595, and finished 151 points stronger at 19,565. In the process, the benchmark indices signed-off the week 1.2 per cent higher, respectively.
Among the Sensex 30 shares, TCS soared 5 per cent as the Q1 earnings driven rally continued for the second straight trading session. Tech Mahindra and Infosys also vaulted 4.5 per cent each. HCL Technologies and Wipro were up around 3 per cent each.
Tata Steel, Nestle, Hindustan Unilever, Asian Paints, ICICI Bank and Larsen & Toubro were the other prominent gainers. On the other hand, Mahindra & Mahindra and PowerGrid Corporation slipped over a per cent each.
In the broader market, the BSE MidCap index jumped 1 per cent, while the SmallCap index spurted 1.1 per cent. The overall breadth too was fairly positive, with nearly two stocks advancing for every declining share on the BSE.
Sectorally, the BSE IT index zoomed 4.3 per cent. The Metal and Realty indices were up over a per cent each.
Primary Market Update
Utkarsh Small Finance Bank IPO was subscribed over 100 times as of 03:30 PM on the final day of the offer period. Retail portion received bids up to 69.5 times, HNIs (Non-institutional segment) 81.2 times and Employee 15.8 times. The QIBs (Qualified Institutional Buyers) segment also witnessed strong demand with over 123 times subscription.
 "Sensex rallies 502 pts, ends above 66K; Nifty near 19,600; IT stocks sizzle")
