The Indian equity benchmark indices, Sensex and Nifty rallied more than 1 percent to end at record high levels on Friday. The Sensex surged 689.19 points or, 1.43 percent, to end at 48,782.51, while the Nifty closed at 14,347.25, up 209.90 points, or 1.48 percent. The rally in the market was fuelled by robust buying in IT and auto stocks. Broader markets, Nifty Midcap100 and Nifty Smallcap100 participated in the rally and ended higher. Among sectoral indices, Nifty IT, Nifty Auto and Nifty Media jumped 3 percent each. Nifty Metal and Nifty PSU Bank ended in the red.

The Indian equity benchmark indices, Sensex and Nifty rallied more than 1 percent to end at record high levels on Friday. The Sensex surged 689.19 points or, 1.43 percent, to end at 48,782.51, while the Nifty closed at 14,347.25, up 209.90 points, or 1.48 percent. The rally in the market was fuelled by robust buying in IT and auto stocks. Broader markets, Nifty Midcap100 and Nifty Smallcap100 participated in the rally and ended higher. Among sectoral indices, Nifty IT, Nifty Auto and Nifty Media jumped 3 percent each. Nifty Metal and Nifty PSU Bank ended in the red.