Indian shares closed at new high levels
Today, the share market records new high levels. As of the reports, Indian shares closed at a peak as Reliance Industries shares scale at a high level. But, the Asian markets jumped after the disappointing U.S. jobs report. However, it increased anticipation levels of continued economic support by the Federal Reserve.
As of the stock market data, the blue-chip NSE Nifty 50 Index raised 0.30% at 17,375.50 by 0509GMT while the benchmark S&P BSE Sensex scaled 0.32% to 58,318.56. However, both indexes increased around 3.50% in their second straight week of gains.
The Nifty Energy Index stood as the top gainer among the sub-indexes. It raised 1.05%. As of the source, the index was increased around 4.97% in the last week.
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Further, Reliance Industries Limited raised 3.80%. As of the market data, the stock remains set to rise for a fourth straight session. M&M financial services rose 5.50%. On Friday, the stock has faced a reduction in non-performing asset contracts in the last month as customer cash flows improved.
Further, HDFC Life Insurance shares closed 3.20% lower. It was the top loser on the Nifty 50. Exide Industries closed at 6.40% higher.
Zen Technologies shares climbed around 10%. The stock was locked in their upper circuit.