Private lenders drove the benchmark equity indices to another all-time high on Friday, and analysts expect the bullish trend to continue.


Benchmark Sensex scaled the 45k mark for the first time ever, and closed 1 percent higher at 45,080 points, while peer Nifty climbed nearly a percent to close at 13,259 points.

Lenders cheered the Reserve Bank of India’s (RBI) Monetary Policy Committee’s decision to maintain the status quo on policy interest rate amid heightened inflation.

Airline stocks soared after they were allowed to operate up to 80 percent of pre-COVID flights from the current 70 percent, while UltraTech Cement zoomed to an all-time high on capacity expansion plans.

Here is a lowdown on what happened in Friday’s trade:

Banking stocks cheer RBI policy
Private lender ICICI Bank was the top Sensex gainer, as it advanced 4.38 percent to Rs 503, while larger rival HDFC Bank added nearly a percent to .75 percent to Rs 1,853.35.

Airline stocks fly
SpiceJet rose 9.77 percent to Rs 89.30 while InterGlobe Aviation climbed 5.79 percent to Rs 1,739.70 after the government allowed airlines to operate up to 80 percent of pre-COVID flights from the current 70 percent allowed before Diwali.

InterGlobe Aviation also scaled a 52-week high of Rs 1,751.50 earlier in the day.

UltraTech Cement hits all-time high
UltraTech Cement jumped as much as 6.3 per cent to an all-time high of Rs 5,198.30 after Aditya Birla Group’s cement flagship company announced Rs 5,477 crore of investment on a mix of greenfield and brownfield capacity expansion of 12.8 million tonne per annum. This comes as the first major investment of this size by a cement maker in recent years.

The stock pared some gains and closed 4.10 per cent higher at Rs 5,092.90.