The key benchmark indices closed in green led by the pharma and oil & gas stocks. At close, the Sensex was up 85.91 points or 0.15 per cent at 55,550.30, and the Nifty was up 35.60 points or 0.21 per cent at 16,630.50. About 2004 shares have advanced, 1257 shares declined, and 112 shares are unchanged.
Cipla, BPCL, Sun Pharma, JSW Steel, and IOC were among the top Nifty gainers, while losers were Nestle India, Maruti Suzuki, Tata Consumer Products, Hindalco Industries, and NTPC.
Among individual stocks, shares of BSE Ltd hit a record high of Rs 2,868 after they rallied 10 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade.
That apart, shares of paper companies, including JK Paper, Tamil Nadu Newsprint & Paper, West Coast Paper Mills, Ruchira Papers and Star Paper Mills rallied up to 14 per cent on Friday, amid heavy volumes, on the expectation that re-opening of offices, educational institutions, and courts will lead to regularization of demand.
Sugar stocks, too, were on a roll on Friday with frontline stocks like Balrampur Chini Mills, Triveni Engineering & Industries, Dhampur Sugar Mills, Avadh Sugar & Energy and Dwarikesh Sugar Industries hitting their respective record highs. These shares rallied up to 11 per cent each in the intra-day trade on strong outlook and foreign institutional investors (FIIs) buying.
Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent.
Global Cues
European and US stocks sank Thursday as peace talks between Russia and Ukraine stalled, sapping a spurt of optimism in the prior session, which was compounded by a rapidly worsening inflation and growth outlook. The S&P 500 dropped 18.36 points to 4,259.52. The benchmark index is now 11.2 per cent below the all-time high it set early this year. The Dow Jones Industrial Average fell 112.18 points, or 0.3 per cent, to 33,174.07, while the tech-heavy Nasdaq composite slid 125.58 points, or 0.9 per cent, to 13,129.96.
Hong Kong stocks sank more than three percent Friday, resuming a steep sell-off after the previous day’s bounce, owing to concerns about soaring inflation and the war in Ukraine. The Hang Seng Index shed 3.27 per cent, or 682.59 points, to 20,207.67 — its lowest level since 2016. The losses followed a retreat on Wall Street after data showed US inflation surged last month to a new 40-year high, ramping up expectations the Federal Reserve will act more aggressively on tightening monetary policy.
Read all the Latest Business News and Breaking News here
Comments
0 comment