Sensex, Nifty end flat ahead of IIP numbers
NEW DELHI: The domestic equity market ended flat on Friday with headline index Sensex closing 5 points higher at 28,334.25 tracking mixed global cues while the 50-share Nifty 50 index settled 15.15 up at 8,793.55.
Investor sentiment remained cautious ahead of IIP numbers for December, which is scheduled to be released later in the evening today.
In the Nifty 50-index, Grasim Industries (up 4.13 per cent), Tech Mahindra (up 3.06 per cent) , TCS (up 2.83 per cent), Infosys (up 2.22 per cent) and Adani Ports (up 2.20 per cent) stood among top gainers.
On the other hand Aurobindo Pharm (down 4.06 per cent ), BPCL (down 1.77 per cent ), Lupin (down 1.67 per cent ), Dr Reddy’s Labs (down 1.56 per cent ) and GAIL (down 1.50 per cent ) ended in red.
"Firm global cues helped index to open in green but caution ahead of the IIP data capped upside till the end. It was a lacklustre day on the sectoral front too, wherein majority ended on flat note," said Mr. Jayant Manglik, President, Retail Distribution, Religare Securities.
Shares of VKS Projects, Arcotech Ltd, Bang Overseas, Manaksia Aluminium Company Ltd., Manaksia Steels Ltd. hit their fresh 52-week high on NSE , while Nitesh Estates, JMT Auto, DB International, Shekhawati Poly, Birla Cotsyn touched their new 52-week low.
Shares of State Bank of India closed 0.15 per cent up at Rs 276.25 after the country's largest lender posted a 71 per cent rise in consolidated net profit at Rs 2,152.2 crore for the third quarter ended December 31, 2016. It had reported a net profit of Rs 1,259.4 crore in the corresponding three-month period a year ago.
Among the sector-related stocks, Petrochemicals, Information Technology, Gems and Jewellery, Beverages - Alcoholic, Beverages - Non-Alcoholic stood among top gainers, while Aquaculture, Packaging, Iron and Steel, Glass, Rubber sector-related stocks remained among top losers.
On Friday, 26 stocks advanced in the Nifty50 index, while 25 stock ended the day in red.
Among other Asian peers, China's main stock indexes surged and produced their biggest weekly gains in more than two months, led by infrastructure and material shares, as the country pledged to push its "One Belt, One Road" initiative.
The blue-chip CSI300 index rose 0.5 per cent, to 3,413.49 points, while the Shanghai Composite Index added 0.4 per cent to 3,196.70 points.
Hong Kong stocks closed at a 3-1/2-month high on Friday, with support from Wall Street's gains on promises of tax cuts and capital inflows from the mainland.
European stocks opened higher. At 04:05 pm, Britain's FTSE100 was trading 0.33 per cent higher at 7,253.60 while Germany's DAX was trading at 11,689.51, up 0.40 per cent. French stocks were also in the green with headline index CAC40 trading 0.21 per cent up at 4,836.54.
Investor sentiment remained cautious ahead of IIP numbers for December, which is scheduled to be released later in the evening today.
In the Nifty 50-index, Grasim Industries (up 4.13 per cent), Tech Mahindra (up 3.06 per cent) , TCS (up 2.83 per cent), Infosys (up 2.22 per cent) and Adani Ports (up 2.20 per cent) stood among top gainers.
On the other hand Aurobindo Pharm (down 4.06 per cent ), BPCL (down 1.77 per cent ), Lupin (down 1.67 per cent ), Dr Reddy’s Labs (down 1.56 per cent ) and GAIL (down 1.50 per cent ) ended in red.
"Firm global cues helped index to open in green but caution ahead of the IIP data capped upside till the end. It was a lacklustre day on the sectoral front too, wherein majority ended on flat note," said Mr. Jayant Manglik, President, Retail Distribution, Religare Securities.
Shares of VKS Projects, Arcotech Ltd, Bang Overseas, Manaksia Aluminium Company Ltd., Manaksia Steels Ltd. hit their fresh 52-week high on NSE , while Nitesh Estates, JMT Auto, DB International, Shekhawati Poly, Birla Cotsyn touched their new 52-week low.
Shares of State Bank of India closed 0.15 per cent up at Rs 276.25 after the country's largest lender posted a 71 per cent rise in consolidated net profit at Rs 2,152.2 crore for the third quarter ended December 31, 2016. It had reported a net profit of Rs 1,259.4 crore in the corresponding three-month period a year ago.
Among the sector-related stocks, Petrochemicals, Information Technology, Gems and Jewellery, Beverages - Alcoholic, Beverages - Non-Alcoholic stood among top gainers, while Aquaculture, Packaging, Iron and Steel, Glass, Rubber sector-related stocks remained among top losers.
On Friday, 26 stocks advanced in the Nifty50 index, while 25 stock ended the day in red.
Among other Asian peers, China's main stock indexes surged and produced their biggest weekly gains in more than two months, led by infrastructure and material shares, as the country pledged to push its "One Belt, One Road" initiative.
The blue-chip CSI300 index rose 0.5 per cent, to 3,413.49 points, while the Shanghai Composite Index added 0.4 per cent to 3,196.70 points.
Hong Kong stocks closed at a 3-1/2-month high on Friday, with support from Wall Street's gains on promises of tax cuts and capital inflows from the mainland.
European stocks opened higher. At 04:05 pm, Britain's FTSE100 was trading 0.33 per cent higher at 7,253.60 while Germany's DAX was trading at 11,689.51, up 0.40 per cent. French stocks were also in the green with headline index CAC40 trading 0.21 per cent up at 4,836.54.
