Markets close marginally higher, Nifty ends above 11,000

New Delhi: Markets closed marginally higher on Friday with the NSE Nifty ending above 11,000 on gains led by banking and auto stocks.

The BSE Sensex rose 38.80 points or 0.10 percent to end at 37,350.33 while the NSE Nifty edged higher by 18.40 points or 0.17 percent to 11,047.80.

Major gainers in the Sensex pack were, Yes Bank, Powergrid, Maruti, IndusInd Bank, Axis Bank, ITC, Bajaj Finance, Asian Paint, Heromoto Corp, Bajaj Auto, ONGC and M&M, rising upto 3.79 percent. On the other hand, shares of TCS, Vedanta, HCL Tech, HDFC, RIL, HUL, Sun Pharma, Tata Steel, HDFC Bank and Infoys were the major losers, falling upto 1.87 percent.

Meanwhile, foreign portfolio investors bought shares worth a net of Rs 1,614.63 crore on Wednesday, while domestic institutional investors purchased shares worth Rs 1,619.82 crore, provisional data showed.

Markets were closed on Thursday on account of Independence Day. In the previous session on Wednesday, the BSE Sensex rose 353.37 points or 0.96 percent to 37,311.53 while the NSE Nifty closed higher by 103.55 points or 0.95 percent to 11,029.40.