Early Diwali in equity markets as Nifty closes at record high

Sensex Zooms 183 Points to 32365, Nifty Above 10000

India's retail inflation edged up 3.28% in September from a year earlier, slower than economists expected, government data showed after-market hours on Thursday.

Among individual share moves, Bharti Airtel rose as much as 9.2 per cent to its highest since August 29 and was the top percentage gainer on both Nifty and Sensex, while Tata Teleservices (Maharashtra) Ltd jumped 9.9 per cent. Among sectoral indices, BSE Bankex was gained the most - up 1.3 percent intraday.

While, Consumer Price inflation was steady at 3.28% in the month of September.

The 50-share NSE Nifty closed at 10,167.45 - a new peak - up 71.05 points, or 0.70 per cent, after scaling new intra-day high of 10,191.90. It rose 1.94 per cent for the week, its biggest such gain since the week ended July 14.

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BSE Small Cap index gained 22 points or 0.13 per cent to end at 16,925.66 as shares of Shivam Auto, Electrosteel Castings, ESL, PolyPlex, TCI Express, TTML and Sanwaria rallied up to 13 per cent. On the other hand, healthcare index was down 0.29 per cent, FMCG 0.25 per cent, capital goods and oil & gas 0.14 per cent each. On Thursday, the company announced it will absorb Tata Group's mobile phone business in a "cash free, debt free" deal.

Upbeat second-quarter results pushed shares of Tata Consultancy Services Ltd (TCS) to their highest since June 7.

In the primary market, state-owned General Insurance Corporation of India (GIC Re) got fully subscribed on the last day of its IPO subscription, reporting high demand from qualified institutional buyers (QIBs). While quarterly profit slid marginally year-on-year, analysts say margin recovery was the key positive.

Indian shares may open slightly lower on Friday following the weak cues overnight from Wall Street and the subdued trading in Asian markets as investors await the release of China's trade data for the month of September later today. The broader Topix index was up 0.50 percent or 8.49 points, at 1,708.62. Japan's Nikkei was little changed.

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