May 26, 2017 / 8:11 AM / 5 months ago

Sensex ends above 31,000, sets record

REUTERS - The benchmark BSE Sensex rallied on Friday to end above 31,000 for the first time, as higher derivatives rollover led to strong follow-up buying in index heavyweights such as Reliance Industries (RELI.NS) and ITC Ltd (ITC.NS).

FILE PHOTO: A man ties a balloon to the horns of a bull statue at the entrance of the Bombay Stock Exchange (BSE) while celebrating the Sensex index rising to over 30,000, in Mumbai, India April 26, 2017. REUTERS/Shailesh Andrade/File Photo

The Sensex closed up 0.9 percent at 31,028.21, after hitting a high of 31,074.07.

The Nifty rose 0.9 percent to end at 9,595.10, after touching a record high of 9,604.90.

For the week, the Nifty gained 1.77 percent while the Sensex rose 1.85 percent.

Reporting by Krishna V Kurup in Bengaluru; Editing by Vyas Mohan

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