NIFTY50, SENSEX close at record high levels; M&M, ICICI Bank among top gainers

Benchmark Sensex closed above the historic 84,000 mark for the first time, while Nifty settled at a new record high on Friday. The latter was powered by a rally in frontline bank stocks and upbeat trends in the US and Asian markets.

The 30-share BSE Sensex jumped 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31. During the day, it soared 1,509.66 points or 1.81 per cent to hit the momentous intra-day peak of 84,694.46.

The NSE Nifty surged 375.15 points or 1.48% to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70% to reach an all-time intra-day peak of 25,849.25.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the green.

Equity markets in Europe were quoting lower. The US markets ended remarkably higher on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,547.53 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.23% to USD 74.71 a barrel.