NEW DELHI: Led by gains in bank and financial stocks, key equity indices snapped two-day losing streak in Friday's session amid bullish global cues.Firmness in rupee also boosted market sentiment.BSE Sensex ended day at 35,695, up 181 points or 0.51 per cent with 20 constituents in green and 10 in red.
Meanwhile, Nifty50 settled day at 10,727, 55 points or 0.52 per cent higher.
However, for week Sensex and Nifty ended lower by 1 per cent each, respectivelyAmong Sensex stocks, YES Bank climbed most.
It was followed by Bharti Airtel, Tata Motors, Vedanta, Tata Steel and SBI.
Technology stocks suffered in today's trade with HCL Tech, TCS and Infosys topping loser list in 30-share pack.Among Nifty50 stocks, 33 advanced and 17 declined.Midcap and smallcap stocks on BSE climbed too and logged gains of 0.48 per cent and 0.14 per cent, respectively.In sectoral space, BSE Telecom was biggest gainer, surging 2.73 per cent.
It was trailed by metals, utilities, power, finance and bankex.
Each of these indices logged gains of 1 per cent.
However, BSE Information Technology was worst hit and shed 1.15 per cent.
Factors:Global markets gainWorld stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting next move in US interest rates might be down.
News that United States and China would hold vice-ministerial level talks on Monday and Tuesday to resolve a trade dispute bought some respite to battered markets, with MSCI's world stock index up a third of a percent and US stock futures around 1 per cent firmer, Reuters reported.Rupee risesThe domestic currency gained 42 paise against US dollar in today's session amid weakening American currency.
This bolstered sentiment back home.
Expert TakeMarkets managed to end higher amid volatility, thanks to rebound in select index majors.
We're currently seeing tussle between bulls and bears and indications are in favour of further slide.
Global cues will continue to dictate trend in absence of domestic trigger thus participants should keep a close watch on world markets.- Jayant Manglik, President, Religare BrokingThe market attempted to recover, but with high volatility due to initial signs of ease between US and China trade negotiations.
Recent weak data from US and China provided a hope to market that both parties will try to find a peace soon.
PSBs lead gains today due to consolidation and increase in capital infusion while IT underperformed due to appreciation in rupee.- Vinod Nair, Head of Research, Geojit Financial Services