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Indian equities ended the final trading day of the week little changed, after trading in a narrow band throughout the session.
The S&P BSE Sensex ended 30 points higher at 48,832 after trading in a 400 point range while the NSE Nifty 50 index traded in a 150 point range, ending 0.25% higher at 14,617. Gains on the Nifty were led by Wipro. The technology services provider ended at a record closing high with gains of 9%.
For the truncated week, the Sensex and Nifty ended with losses of 1.5% each. This is their fourth weekly loss in the last five weeks.
For today's session, Pharma stocks were the top gainers in today's session. The index ended 1.9% higher. The Nifty Media index was the other major sectoral gainer, also ending with gains of 1.9%. The Nifty Auto and Nifty I.T. indices ended with gains of 1.2% each.
The laggards in today's session were banking and financial names. The Nifty Bank index fell 0.4% while the PSU Bank index saw losses of 0.6%.
Broader markets outperformed the benchmark indices in today's session. The Nifty Midcap index rose 1% while the Smallcap index ended 1.1% higher.
India Volatility Index fell 2.3% to end at 20.4.
1,105 stocks on the NSE ended with gains while 768 stocks posted losses.
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Indian equities have begun the final trading day of the week on a subdued note. Sentiment across the Asia-Pacific too is cautious despite the benchmark indices on Wall Street hitting a record high overnight.
The S&P BSE Sensex opened 0.3% higher at 48,935 while the NSE Nifty 50 index rose 20 points at the start of trade to 14,599. As of closing on Thursday, both Sensex and Nifty are down over 1.5% for the truncated week.
Among the sectoral indices, the Nifty I.T. index has opened with gains of 0.7% while the Metal index is up 0.6% at the start of trade. The FMCG index is up 0.5% while most other sectoral indices have opened little changed.
Broader markets have opened higher this morning. The Nifty Midcap index is up 0.3% while the Smallcap index has gained 0.5%.
Good Morning!
Indian equities recovered from the day's low to end the weekly options expiry session on a positive note. The benchmarks gained for the second day in a row after Monday's drop.
Gains on Thursday were led by private financials, pharma and metal names, while autos and PSU banks underperformed. Still, so far in this truncated week, the Sensex and NSE Nifty 50 are down more than 1.5%.
Futures are again pointing to a subdued start to the final trading day of the week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,631 as of 8:10 a.m. on Friday.
Asian equities have declined this morning, despite peers on Wall Street hitting new records after surprisingly robust economic data. Shares fluctuated in China and declined elsewhere in the region.
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.jpg?downsize=1080:540 "Sensex, Nifty Post Fourth Weekly Loss In Five; Pharma Outperforms")
