Sensex, Nifty hit fresh peaks once again; telecom stocks in focus

Sensex and Nifty on Friday rallied for the fifth consecutive day on Friday to scale fresh 52-week high amid buying across sectors and bluechips. Sensex rallied over 250 points to cross the 79,500-level, while Nifty also scaled a new peak of 24,124.25 in the morning session.

Within the blue-chip Nifty50 pack, ONGC, Divi’s Lab and Coal India were the top gainers by rallying around 2% each. Telecom stocks were in focus today after Reliance Jio and Bharti Airtel raised tariffs. Both the stocks were trading around 1% higher.