Sensex witnesses 178.48-point hike, Nifty above 10500

The uptick in industrial production was largely driven by robust performance of the manufacturing sector coupled with higher offtake of capital goods and consumer durables

Shares for the day and week ended on a positive note, with the Nifty closing near the 10,500-mark. While Japan's Nikkei 225 was quoting in green, up by 0.56 per cent while Hang Seng down by 0.10 per cent, South Korea's Kospi was up by 0.54 per cent.

Investor sentiment was upbeat thanks to positive macro data announced after trading hours on Thursday and optimism ahead of earnings by Infosys coupled with a positive trend in global markets which were set to post their biggest weekly gain in over a month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war.

Sensex and Nifty moved higher today as global stocks bounced as trade and geopolitical worries ebbed.

The index has now gained 1,173.58 points in the past seven sessions.

At NSE, shares of the company went up by 1.33 per cent to Rs 1,178.15.

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Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 368.90 crore on net basis, while domestic institutional investors (DIIs) sold equities to the tune of Rs 615.81 crore yesterday, provisional data showed. Among Nifty stocks, Adani Ports was the top gainer, up 2.89 per cent followed by Tech Mahindra and Wipro, which rose 2.87 per cent and 2.54 per cent respectively.

Reliance Industries closed 1.22% higher amid news that the Mukesh Ambani firm would buy close to 73 per cent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) to become a majority shareholder.

Shares of Infosys gained up to 2 percent in morning trade, ahead of its earnings announcement in the fourth quarter of FY 2017-18. Healthcare stocks too contributed to the gains with the BSE healthcare index rising 0.56% to 13,679 level.

Nasdaq closed in green, up by 1 per cent while FTSE 100 was also up by 0.02 per cent at the closing on Thursday.

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