INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic markets extended their winning run to the fourth straight day on Friday and ended the choppy session on a flat note
ahead of RBI board meet outcome
Stock specific action marked the session although weakness in the rupee and global markets put a lid on the gains.
The BSE Sensex closed up
33.29 points, or 0.09 per cent, at 35,962.93
On the 30-share index, 18 constituents ended in the green, with Bharti Airtel leading the pack
Airtel was followed by YES Bank, ONGC, Coal India, NTPC and Infosys.
NSE benchmark Nifty settled at 10,805.45, up 13.90 points, or 0.13 per
As many as 29 stocks ended the day higher while 21 lost.
In the sectoral space, barring metals, financial services and pharma, all indices
Nifty PSU Bank index was the lead sectoral performer
The PSU Bank shares gained ahead of the RBI board meet on hopes that new RBI Governor would ease PCA norms and infuse liquidity
Realty, FMCG and auto shares sized up well too.
Nifty Midcap 100 outperformed Nifty50
Nifty Smallcap 100 index ended with gains of 0.04 per cent.
Let's see what factors steered the market today.
RBI board meetAfter trading
rangebound, the market settled flat in anticipation of steps to be taken by the RBI to alleviate liquidity and credit situation
The board met today with Shaktikanta Das at the helm
Rupee weakensThe domestic currency gave up 36 paise against the US dollar on Friday and was trading 20 paise down at 71.88 at the time of
That's mainly because of buying of American currency by banks and importers.
Subdued global marketsStocks worldwide tumbled on Friday
after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider
impact of a still-unresolved Sino-US trade dispute
The MSCI All-Country World Index, which tracks stocks across 47 countries, was down half a per cent.
Expert-take:Viral Berawala, CIO, Essel
Mutual FundNegating weak Asian markets due to weak Chinese data and global growth risks, markets traded flat with outcome of the RBI board
meet awaited post appointment of new RBI Governor Shaktikanta Das
The midcap index continued its outperformance over the Nifty as seen in the last few days.
Vinod Nair, Head of Research, Geojit Financial
ServicesMarket was rangebound and settled with a marginal gain ahead of the RBI board meet (decision)
A weakening rupee and decline in yield made investors stay on the sidelines
Inflation remains on a softening path while industrial activity is picking up which will provide support to the market
Growth concerns in Chinese economy dragged Asian and European market to a negative terrain.
