Domestic stock markets swung between gains and losses amid volatile trade on Friday. After starting the day on a positive note, the markets gave in to losses in afternoon trade with the S&P BSE Sensex index declining as much as 302.12 points to hit 38,718.27 on the downside. The broader NSE Nifty benchmark declined to as low as 11,490.75 amid weakness in financial, auto and pharma stocks. Buying picked up in banking and information technology sectors, pushing the benchmark indices to the positive territory. The Sensex rebounded 523.34 points from the day's weakest point to hit 39,241.61 on the upside and the Nifty returned above the 11,600 mark, before the markets gave up most of those gains. State Bank of India (SBI) shares surged more than 8 per cent during the session after the country's largest bank reported a three-fold surge in its net profit in the quarter ended September 30. Analysts awaited more large cap companies to report their financial results for the second quarter of current financial year.
Here are highlights of the movement in domestic share markets (Sensex and Nifty) today:
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