Indian equity benchmarks rose on Friday, with the blue-chip S&P BSE Sensex hitting a record closing high on a rally in IT companies and banks, as cooling U.S. inflation raised hopes for a less hawkish Federal Reserve.

Dear Trader… Indian equity benchmarks ended Friday’s trade on higher note propelled by heavy buying in IT, TECK and Metal stocks amid a rally in global markets after lower-than-expected US inflation data. Key gauges remained strong during the day following a gap-up start as a strong rupee against the US