Mumbai, Oct 17
Indian stock markets ended higher on Friday, extending gains for the third straight session ahead of Diwali.
Both Sensex and Nifty touched their 52-week highs during the day, supported by buying in financials, autos, and FMCG stocks.
Gold extended its winning streak with strong gains of Rs 1,700 or 1.30 per cent, reaching Rs 1,31,500, as the ongoing US government shutdown and a dollar index below 99 continued to support safe-haven flows into bullion.
“With momentum staying firmly bullish, gold is likely to remain elevated as long as risk sentiment stays weak. Support is placed near Rs 1,28,000, while resistance is seen around Rs 1,33,000," analysts said.