Sensex rises 186 pts but ends off day's high, snaps 2-week rally

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Equity benchmarks closed off day's high after losing half of gains in last couple of hours of trade Friday. The Nifty failed to hold the psychological 8800 level on account of profit booking in select banking & financials stocks and amid caution ahead of Federal Reserve's two-day policy meeting next week.

The 30-share BSE Sensex was up 186.14 points at 28599.03 and the 50-share NSE Nifty gained 37.30 points at 8779.85 whereas the broader markets ended marginally lower on weak breadth

About 1412 shares declined against 1315 advancing shares on the BSE.

ITC and Hero MotoCorp were top gainers in trade today while Reliance Industries hit 27-month high intraday, closing with a gain of 1 percent.

However, HDFC and ICICI Bank dragged the market from day's high while ITC, HDFC Bank and Infosys provided support.



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