Mumbai, July 31 (IANS): Capital infusion in banks, clarity on retrospective tax on capital gains and expectations of a rate cut by the apex bank cheered investor sentiments and boosted Indian equity markets on Friday.
The positive cues propelled the barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) to provisionally close the day's trade up by 409 points or 1.48 percent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains and provisionally closed 111 points or 1.32 percent up at 8,532.85 points.
The S&P BSE Sensex, which opened at 27,814.51 points, provisionally closed at 28,114.56 points (3.35 p.m.) -- up 409.21 points or 1.48 percent from the previous day's close at 27,705.35 points.
The Sensex touched a high of 28,161.17 points and a low of 27,814.51 points in the intra-day trade.