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Indian equities rallied to a record high on the back of positive Q1 earnings from some counters and strong global cues. However, on Friday, the market may be influenced by Infosys. Market analysts believe if the index fails to surpass the 20,000 level, investors may engage in profit-taking.
The Nifty Bank index was trading 0.28 per cent up at 45536.65.
“Asian Development Bank retained forecasts for India's economic growth at 6.4% for FY24 and 6.7% for FY25, citing robust domestic demand that would continue to support the region's recovery. Nse Cash market volumes were lower as compared to recent averages," says Devarsh Vakil of HDFC Securities
The Nifty Realty index closed 0.85 per cent down at 535.05.
Indian equities ended at fresh all-time highs for the fourth consecutive day, amid a positive trend in the US and European markets, and boosted by robust buying in Infosys. The 30-share BSE Sensex climbed by 205 points to reach its new all-time closing high of 66,795, while Nifty ended just shy of the 19,750 levels