Benchmark Indices ended higher on Friday but off day's high amid selling in large caps like Hindustan Unilever (HUL), ITC and Reliance Industries Ltd (RIL).

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The S&P BSE Sensex crossed the 38,000-mark and the Nifty reclaimed 11,400 for the first time since September 2018 in intra-day trade amid positive global cues and a strong rupee.

Rupee extended Thursday's gains and was trading at highest levels since July 2018 on the back foreign fund inflows and strong domestic market.

Asian stocks also advanced as sentiment improved after UK lawmakers voted to delay a potentially chaotic exit from the European Union.

The broader NSE Nifty50 ended at 11,427, adding 83 points, while the S&P BSE Sensex settled at 38,024, up 269 points. Meanwhile, in broader markets, the Nifty MidCap gained 0.6 percent, while the Nifty Smallcap fell 0.5 percent.

Both the Sensex and the Nifty ended 3.5 percent higher for the week, extending gaining streak to four week in a row.

Kotak Mahindra Bank, Powergrid, TCS, ICICI Bank, and ONGC were top gainers on the BSE frontline index, rising up to 4 percent. Meanwhile, HUL, YES Bank, ITC, RIL and Bharti Airtel fell in the range of 1-2 percent.

The Nifty Bank ended at a new record of 29,381, up 1.5 percent and posted the biggest weekly gain since May 2016. It hit a record high of 29,520 in intraday trade. Kotak Mahindra Bank, IDFC First Bank, ICICI Bank, SBI, HDFC Bank and RBL Bank were the best-performing stocks in the pack.

All sectors except the Nifty FMCG and the Nifty Realty ended the day in green. The Nifty IT gained the most, up 1.9 percent followed by the Nifty Bank, the Nifty PSU Bank, the Nifty Private Bank and the Nifty Financial Services, all up over 1.5 percent each.

The decline in the FMCG sector capped gains on the indices with the Nifty FMCG falling over 1.5 percent. Dabur, Britannia, HUL, Godrej Consumer Products, and ITC fell the most in the index.

Globally, MSCI broadest index of Asia-Pacific shares outside Japan gained 0.55 percent. The Shanghai Composite Index added 0.7 percent and Japan’s Nikkei climbed 0.8 percent.

South Korea’s KOSPI was up 0.6 percent. The index had risen as much as 1.2 percent but gave up some gains following reports that North Korea is considering suspending nuclear talks with the United States.

(With inputs from Reuters)