INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Extending gains for a second consecutive session, frontline indices Nifty and Sensex ended up in the positive territory on
Friday, underpinned by gains in bank, auto, oil gas and capital goods stocks amid mixed global cues.
However, the gains remained capped as
the US tariffs on $34 billion in Chinese imports took effect today, aggravating prospects of a trade war.
Sensex opened 31 points lower, but
moved up soon on fresh buying in heavyweights, including Reliance Industries, Tata Consultancy Services, Hero MotoCorp, Tata Motors and
Despite garnering gains of 225 points to touch the intraday high of 35,799.71, the market barometer cooled off and settled at 35,657.86, up
by 83 points, or 0.23 per cent
Overall, 16 stocks in the index closed the day in the green and 13 in the red, while two remained unchanged.
The Nifty50 finished day's
session at 10,772.65, up by 23 points, or 0.21 per cent, with 24 stocks in the green and 26 in the red.
For the week, Sensex gained 0.66 per
cent and Nifty moved up by 0.54 per cent.
Midcaps and smallcaps outperformed Sensex on Friday, rising by 0.56 per cent and 0.46 per cent,
respectively.
Hero MotoCorp, Tata Motors, Bajaj Auto and Tata Consultancy Services stood as the top gainers in the Sensex index.
However,
Sun Pharma, NTPC, HDFC and Wipro failed to perform and finished the day as the top losers in the Sensex kitty of stocks.
Shares of IT giant
Tata Consultancy Services hit a fresh lifetime high of Rs 1,920 on Friday
The company is slated to declare its June quarter results on Tuesday
On the other hand, another IT giant Infosys closed the day flat at Rs 1,284.50 on BSE after reports suggested Dalal Street is worried about
"There was a rumour on the Street that the company is likely to disappoint on the constant currency growth front and that a large fund was
selling the stock," ET reported quoting an analyst with a domestic brokerage
Shares of YES Bank climbed 1 per cent on Friday after the private sector lender received rating upgrade from CARE Ratings for multiple
A majority of sectoral indices closed the day with gains on BSE, with BSE Industrials as the top gainer, rising 1.50 per cent.
FMCG,
consumer durables and pharma indices suffered losses
Global stocks were mixed as US tariff on Chinese imports took effect
Nikkei 225 ended with a gain of over 1 per cent, whereas Shanghai SE Composite Index and Hang Seng climbed up to 0.49 per cent.
