Nifty Media gained 1.59%, while Nifty PSU Bank rose 0.28%. Nifty Auto and Nifty Metal declined 0.45% each, followed by Nifty Energy with a 0.40% fall.
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Nifty Media gained 1.59%, while Nifty PSU Bank rose 0.28%. Nifty Auto and Nifty Metal declined 0.45% each, followed by Nifty Energy with a 0.40% fall.
The Nifty 50 settled 32.95 points, or 0.14%, lower at 24,219.05, recovering 36.25 points from its provisional close. The Sensex ended 170.70 points, or 0.22%, lower at 77,370.13, improving 42.03 points from its provisional close.
On June 8, the central bank launched a unique USD-INR forex swap facility that covers inflows through ECBs, OFCBs, and FCNR(B) deposits.
On Friday,The Nifty 50 settled 20.15 points, or 0.08%, higher at 24,252, recovering from its provisional level of 24,234.75. The Sensex ended 3.11 points higher at 77,540.83, reversing a provisional loss of 15.25 points.
Broader indices underperformed the benchmark. The Nifty Midcap 150 rose nearly 0.4%, while the Nifty Smallcap 250 gained almost 0.6%. The Nifty Realty led sectoral gains with a rise of nearly 1.5%, while the Nifty PSU Bank ended lower for a sixth consecutive session.
Global cues, support around 24,000 and strength in private-sector banks helped the Nifty recover after seven straight sessions of losses.
Nifty Realty fell 1.16%, while Nifty IT declined 1.04%. Nifty Auto rose 0.48% and Nifty India Defence gained 0.46%, leading sectoral advances.
Benchmark extended declines for the fifth consecutive trading session, their longest losing streak since July 24.
Matthews told NDTV Profit that the Korean market is currently very volatile, although Korean stocks are now fairly priced. He also expects Asian markets to gain greater investor attention going ahead.
Both the benchmark indices closed 0.6% lower this week.On Friday, the Nifty 50 closed 29.85 points, or 0.12%, lower at 24,366. The Sensex declined 70.71 points, or 0.09%, to 78,009.25.