Mumbai, January 8 (PTI): Domestic markets returned to winning ways on Friday after two days of declines as strong buying in IT stocks ahead of TCS' results propelled benchmarks to fresh lifetime highs amid a bullish trend overseas. A recovering rupee and foreign fund inflows further buoyed sentiment, traders said.
The 30-share BSE Sensex sprinted 689.19 points or 1.43 per cent to close at a record 48,782.51. It touched an all-time peak of 48,854.34 during the session.
Similarly, the broader NSE Nifty rallied 209.90 points or 1.48 per cent to close at its new lifetime high of 14,347.25. During the day, the index scaled a record level of 14,367.30.
Maruti was the top gainer in the Sensex pack, rallying 5.94 per cent, followed by Tech Mahindra, Infosys, UltraTech Cement, M&M, PowerGrid and NTPC.
On the other hand, IndusInd Bank, Bharti Airtel, SBI, ITC, HDFC and Bajaj Finance slipped up to 1.37 per cent.
During the week, the Sensex rallied 913.53 points or 1.90 per cent, while the Nifty soared 328.75 points or 2.34 per cent.
Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with significant gains, while Shanghai was in the red. Stock exchanges in Europe were also trading on a positive note in early deals.
