Domestic Indices Surf the High Tide

The gains from index heavyweights Bajaj Finance, Tata Motors and Asian Paints spiralled the market upwards.

The gains from index heavyweights Bajaj Finance, Tata Motors and Asian Paints spiralled the market upwards.

The BSE Sensex rose 673 points or 1.10 per cent to a five-month high of 62,027.90 at closing deals on Friday and continued to outperform other major Asian bourses, buoyed by advances from automotive and realty stocks. Nifty also attained stellar returns of 167 points or 0.92 per cent and closed at the 18,314.80 mark. In the last two weeks, the BSE Mid-Cap and Small-Cap indices have increased by 1.98 and 1.74 per cent, respectively. Investors welcomed data showing the annual inflation rate in India easing to an 18-month low of 4.7 per cent in April, amid moderating food prices.