Sensex, Nifty extend record momentum on banking boost

Indian shares scaled record highs on Friday and were set to post a weekly gain of more than 1%, as banking stocks jumped a day after the country’s finance minister laid out details for the establishment of a bad bank. The blue-chip NSE Nifty 50 index rose 0.52% to 17,721.0 by 9:27 am, having hit a record of…