Sensex closes above 71k with 970 pts rally, Nifty 50 above 21,450

BSE Sensex hit an intraday high of 71,605 with a 1,000 point rally and Nifty50 hit a high of 21,492. Both the Indian equity benchmark indices rallied over 1%. The combined market value of all BSE-listed companies surged by Rs 2.76 lakh crore on Friday, marking an overall increase of Rs 8.55 lakh crore for the week, reaching Rs 357.78 lakh crore.