Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results

Experts say aggressive stimulus measures announced by global central banks helped investors look beyond the worst economic outlook in more than 40 years

<strong>Stock market updates</strong>: Earnings optimism and positive global cues fuelled a broad-based rally in the markets with benchmark indices settling over a per cent higher on Friday. IT stocks led from the front and contributed nearly half of Sensex&#39;s 600-point gains today. Reliance Industries, Maruti Suzuki, HDFC Bank, and L&T provided the remaining fillip to the BSE barometer.<br />
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	The S&P BSE Sensex notched 689 points, or 1.43 per cent, to end at fresh closing peak of 48,782.5. The index hit a new lifetime high of 48,854.34 levels earlier in the day. The Sensex index&nbsp;gained 2 per cent during the week and clocked the longest stretch of weekly gains since 2009.&nbsp;<br />
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	Maruti Suzuki jumped 6 per cent and remained the top Sensex gainer, followed by Tech Mahindra, up 5 per cent. The IT company today entered the elite Rs 1-trillion market capitalisation club, becoming the fifth IT firm to achieve the feat. At close, its m-cap was Rs 1.01 trillion.<br />
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	That apart, Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results. The IT firm&#39;s revenue in constant currency (CC) terms is expected to rise in the range of 2.4-4 per cent on quarter-on-quarter (QoQ) basis while it may grow between 3-4.5 per cent in dollar revenue.&nbsp;</div>
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	The broader Nifty50 too, ended at fresh closing peak of 14,347, closing 210 points or 1.48 per cent higher on the NSE. 41 of the 50 constituents ended the day in the green. The index touched lifetime high of 14,367 in noon deals today. For the week, the index was up 2.3 per cent.</div>
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	&nbsp;In the mid-cap space, S&P BSE MidCap index, though underperformed the frontline index, settled 1 per cent higher at 19,138.7 level after hitting a record peak of 19,161 earlier in the day, and clocked a 5-per cent weekly gain. The S&P BSE SmallCap index, on the other hand, ended at 18,908.59 levels, up 0.72 per cent.<br />
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	<strong>Global markets</strong></div>
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	European stocks rose on Friday, with Germany&rsquo;s DAX hitting a record high on the back of better-than-expected economic data and encouraging earnings updates from chipmakers.</div>
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	The pan-European STOXX 600 index rose 0.7% and was on track for a more than 3% weekly gain, with hopes of more US stimulus boosting economically sensitive sectors such as miners, oil & gas and banks. Germany&rsquo;s DAX index jumped 0.8% after data showed both industrial output and exports rose more than expected in November.<br />
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	In Asia, Japan&#39;s Nikkei added 2.36 per cent while South Korea&#39;s Kospi jumped 4 per cent.</div>
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	<em><strong>(With inputs from Reuters)</strong></em></div>

Sensex ends at fresh closing peak of 48,782, up 689 pts; Nifty at 14,347

Business Standard

Sensex ends at fresh closing peak of 48,782, up 689 pts; Nifty at 14,347 | News on Markets - Business Standard

FII/FPI & DII trading activity on NSE, BSE and MSEI

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&gt;&gt;&nbsp;Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia&rsquo;s pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains.<br />
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&gt;&gt; Brent crude climbed 2 cents to $54.40 a barrel, after closing slightly higher the previous day. It touched $54.90 on Thursday, the highest since February.
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	&gt;&gt; US West Texas Intermediate (WTI) also gained 2 cents to $50.85 a barrel. The contract closed up 0.4% on Thursday after also hitting its highest since February at $51.28.</div>
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	&gt;&gt; Both benchmarks are on track for gains of about 5% for this week.<br />
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	<em>(Source: Reuters)</em><br />
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&gt;&gt; In overnight trade, stocks on Wall Street hit record levels as investors bet a Democrat-controlled Congress will deliver more stimulus spending to help the US economy overcome a steep pandemic-induced downturn.
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	&gt;&gt; The Dow Jones Industrial Average rose 0.69%, the S&amp;P 500 gained 1.48% and the Nasdaq Composite added 2.56%.<br />
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	<em>(Source: Reuters)</em></div>

Asian stocks jump on revived recovery hopes

&gt;&gt;&nbsp;Asian stocks opened higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year.<br />
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&gt;&gt;&nbsp;Futures for the S&amp;P 500 jumped 1.48% and Japan&rsquo;s Nikkei 225 rose 0.84%, hitting its highest level since August 1990.<br />
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&gt;&gt;&nbsp;Australia&rsquo;s S&amp;P/ASX 200 gained a more moderate 0.16% . However,&nbsp;Hong Kong&rsquo;s Hang Seng index futures lost 0.02% after reports that the Trump administration was considering banning U.S. entities from investing in an expanded list of Chinese companies in the waning days of the presidency.<br />
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<em>(Source: Reuters)</em>

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Sensex ends at fresh closing peak of 48,782, up 689 pts; Nifty at 14,347

Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee check

Oil hovers near 11-month highs

Wall Street hits record high overnight

Asian stocks jump on revived recovery hopes

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