Sensex climbs higher on favourable global cues.
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The Sensex has hit its lowest level since August 29, 2016 whereas the Nifty hit its lowest level since Sep 12, 2016
On the sectoral map, consumer durables stayed in the lead by surging 2.39 per cent, followed by realty index, oil and gas and infra.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Traders are closely watching the progress of the monsoon.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
The NSE Nifty also moved up by 12 points to 8,648.35.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 50-share NSE Nifty was trading lower by 24 points.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
Most Asian markets ended with gains.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Bank of Baroda ended flat after sharp gains in the previous session.
The total investor wealth, measured in terms of cumulative value of all listed stocks on BSE, slumped by over Rs 7 lakh crore during the torrid week.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Investors will remain cautious ahead of F&O expiry.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
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