- SBI Life Insurance rebounds 21% after Carlyle Group acquires 9% stake
- Sebi board approves lowering of broker fees, easier norms for startups
- Sebi bans Commex Technology, former directors over GDR manipulation
- Ravneet Gill takes charge as YES Bank's CEO; stock up 3%
- Public sector banks gain; Oriental Bank, Union Bank soar 10%
- SML Isuzu hits 20% upper circuit on strong February sales numbers
- Ipca Labs stock nears record high, surges 6%; here's what brokerages say
- Zodiac Clothing hits 52-week high; stock zooms 41% in two days
- Bharti Airtel falls 5% on 19:67 rights issue at Rs 220 per share
- Sugar stocks rally up to 10% as govt approves Rs 10,540 crore soft loan
MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%
Here's a look at all that happened in Friday's session.
SI Reporter |
Last Updated at March 1, 2019 16:02 IST
EVENT HIGHLIGHTS
Heavy buying in financials, autos, metals and pharma counters and positive global cues lifted the equity markets on Friday.
The S&P BSE Sensex added 196 points or 0.55 per cent to settle at 36,064, while the NSE's Nifty50 index closed at 10,863.50, up 71 points or 0.66 per cent.
On a weekly basis, the 30-share index Sensex rose 0.53 per cent while Nifty gained 0.66 per cent.
Among individual stocks, shares of SBI Life Insurance climbed 5.47 per cent to Rs 612.25 on the BSE after CA Emerald Investments ("Emerald") acquired 9 per cent stake in the company through open market on Friday. The stock made a sharp rebound after falling over 12 per cent in the early trade.
Shares of SML Isuzu were locked in upper circuit of 20 per cent at Rs 682 on the BSE after the company reported strong 33 per cent year-on-year (YoY) growth in total sales at 1,282 units in February.
On the contrary, Bharti Airtel ended over 3 per cent lower at Rs 307.75 apiece on BSE after the company said its board of directors approved a fund raising plan of up to Rs 32,000 crore through a mix of rights issue and bond.
Sectrally, all the indices ended in the green, with media stocks advancing the most, followed by PSU banks and metals. The Nifty PSU Bank index ended over 2.50 per cent higher at 2,832 levels with all the 12 constituents ending in the positive territory.
In the broader market, S&P BSE MidCap index gained 184 points or over 1 per cent to settle at 14,503 while S&P BSE SmallCap surged over 2 per cent to end at 13,982.
GLOBAL MARKETS
Asian shares edged up on Friday after index publisher MSCI announced it would raise the weight of Chinese mainland shares in its global benchmarks, while strong US economic data lifted the dollar. China’s blue-chip CSI300 index surged 2.2 percent to finish off its best week since November 2015. Japan’s Nikkei 225 ended 1 per cent higher.
(With inputs from Reuters)
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