INSUBCONTINENT EXCLUSIVE:
The S-P BSE Sensex and NSE Nifty 50 Indexes ended Friday's highly volatile session higher led by gains in HDFC, Bharti Airtel, Tata
Consultancy Services, Infosys, Asian Paints and Maruti Suzuki
However, the gains were kept under check as Tata Steel, State Bank of India, ICICI Bank and ITC ended on a weak note
The Sensex fell as much as 411 points and Nifty dropped below 10,850 mirroring losses in other global markets after the US President Donald
Trump said he would slap a 10 per cent tariff on the remaining $300 billion of Chinese imports starting September 1.However, the benchmarks
staged a smart recovery in afternoon deals led by mortgage lender HDFC after its net profit rose 46.26 per cent to Rs 3,203.10 crore in June
The Sensex recovered as much as 768 points from day's lowest level and the Nifty 50 Index briefly hit a high of 11,080 before closing with
modest gains.The Sensex ended 100 points or 0.27 per cent higher at 37,118 and the NSE Nifty 50 Index advanced 0.16 per cent or 17 points to
close at 10,997.Bharti Airtel was top gainer in the Nifty 50 basket of shares, the stock rose 7 per cent to close at Rs 347 despite
reporting net loss of Rs 2,866 crore in June quarter.Asian Paints, Eicher Motors, Bajaj Auto, Maruti Suzuki, HDFC and UltraTech Cement were
also among the gainers.On the flipside, Indiabulls Housing Finance was top Nifty loser the stock dropped 9 per cent to close at Rs 477
State Bank of India dropped 3 per cent after it reported net profit of Rs 2,312.20 crore which was lower than analyst estimate of Rs 4,083
crore, news agency Reuters reported citing Refinitiv data.Tata Steel, Coal India, Wipro, Vedanta, ONGC, NTPC and Zee Entertainment were also
among the losers.Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Auto Index's 1.13 per cent
On the other hand, Nifty Metal Index was top loser, sown 1.9 per cent
Nifty PSU Bank, Media, Realty and Bank sector gauges also dropped between 0.6 and 1.4 per cent each.The overall market breadth was negative
as 1,363 shares closed lower while 1,095 ended higher on the BSE.Get Breaking news, live coverage, and Latest News from India and around the
world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
