The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended marginally lower on Friday following a volatile session weighed by the market heavyweights Reliance Industries (RIL) and HDFC twins comprising of HDFC Bank and Housing Development Finance Corporation (HDFC).
The S&P BSE Sensex ended at 37,606.89, down 129.18 points (0.34 per cent), while the Nifty 50 closed at 11,073.45, down 28.70 points (0.26 per cent). Both the indices had opened over 0.25 per cent higher earlier in the day but erased them within minutes and slipped in the negative territory. The volatility continued through most part of the morning before the indices calmed down and traded lower throughout the rest of the day.
On the Sensex, gains on Friday were led by Sun Pharmaceutical Industries, State Bank of India (SBI), HCL Technologies, Mahindra & Mahindra, Axis Bank and Tech Mahindra. On the other hand, RIL, HDFC Bank, HDFC, Asian Paints, Kotak Mahindra Bank and Bajaj Auto were the top laggards. (see heatmap below)
Among the sectoral indices on NSE, the Nifty Pharma index was the best performer of the day after it surged 3.56 per cent led by gains in share prices of Torrent Pharmaceuticals, Aurobindo Pharma, Cadila Healthcare and Sun Pharma. On the other hand, the Nifty Media index was the worst performer after slipping 0.87 per cent weighed by Hathway Cable & Datacom, INOX Leisure and Dish TV India.
Here’s how the sectoral indices performed:
In the broader market, the S&P BSE MidCap index ended at 13,759.11, up 49.39 points (0.36 per cent), while the S&P BSE SmallCap settled at 13,021.76, up 105.49 points (0.82 per cent).
The Indian rupee settled 3 paise higher at 74.81 (provisional) against the American dollar on Friday tracking weakness in the greenback.
At the interbank forex market, the rupee opened at 74.74, and witnessed an intra-day high of 74.68 during the session and a low of 74.90 against the US dollar.
The domestic unit finally settled for the day at 74.81, 3 paise higher over its previous close of 74.84.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22 per cent to 92.81.
European shares recovered from their lowest levels in a month on Friday, as investors looked past a severe economic contraction in Germany and on to company earnings, while the euro reached its highest in more than two years, set for its best month in a decade.
The pan-European STOXX 600 rose 0.74 per cent, though it was on course to end the month flat or lower. Technology shares propped up the rally, rising 1.6 per cent after Wall Street’s tech giants, Apple, Amazon and Facebook, reported forecast-beating results overnight.
MSCI’s All Country World Index, which tracks shares across 49 countries, was up 0.1 per cent on the day.
– rupee input from PTI and global market input from Reuters
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