INSUBCONTINENT EXCLUSIVE:
SBI, Bharti Airtel and Kotak Mahindra Bank were the top contributors to the rise in Sensex
Domestic
stock markets jumped on Friday tracking a firm trend in global peers
The S-P BSE Sensex index soared as much as 363.58 points to touch 40,650.06 during the session, and the broader NSE Nifty benchmark climbed
to as high as 11,973.65, up 101.55 points from the previous close
Gains in banking and metal stocks supported the upmove, however losses in auto, IT and energy shares limited the upside
The markets lost most of the day's gains at the end of the session
Here are 10 things to know about the movement share markets today:The Sensex ended 70.21 points - or 0.17 per cent - higher
at 40,356.69 and the Nifty settled up 23.20 points - or 0.20 per cent - at 11,895.30.Top percentage gainers on the 50-scrip index were
Bharti Airtel, Bharti Infratel, SBI, Zee Entertainment and Grasim, ending between 3.05 per cent and 9.71 per cent higher.SBI, Bharti Airtel
and Kotak Mahindra Bank were the top contributors to the rise in Sensex
Stock Exchange (NSE) settled higher, with the Nifty PSU Bank and Nifty Bank indices ending up 3.50 per cent and 0.87 per cent
government would step in to help the ailing sector, say analysts
The surge in the sector came a day after two top mobile carriers warned their ability to operate and make profits would depend on relief
from the country.Bharti Airtel ended 9.58 per cent higher, whereas Vodafone Idea finished the session with a gain of 26.10 per cent.However,
investors remained on the edge after the release of weak macroeconomic data this week, according to analysts, who also said that concerns of
growth slowdown also weighed on investor sentiment."Global markets showed mixed performance during the week as markets saw profit booking on
conflicting signals regarding progress on a trade deal between the US and China," said Sanjeev Zarbade, VP-private client group research,
economies were in close touch via telephone, and an agreement could be reached soon.The Sensex finished the holiday-shortened week with a
gain of 33.08 points (0.08 per cent), but the Nifty shed 12.85 points (0.11 per cent).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.
