The Nifty rose to a record high of 21,928.25, while the Sensex surged to a fresh life high of 72,720.96, before settling slightly lower. The Nifty and Sensex ended up 1.14% and 1.18% higher at 21,894.55 and 72,568.45.
The biggest contributors to the Nifty’s 247-point gain were Infosys that added 88.65 points or almost 36% of the index move, TCS (31.25 points), ICICI Bank (18.15 points), L&T (15.84 points) and Reliance Industries (15.34 points). Infosys and TCS alone accounted for almost half of Nifty’s Friday gains.
The rally in Infosys, TCS, TechM and LTIMindtree moved the sectoral Nifty IT needle by 5.14%, its highest since 15 July 2020, when it rose 5.24%.
The Nifty, as per option writers, could trade in a 21,800–22,300/22500 range next week, with the bias tilted to the upside.
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