Sensex, Nifty end on a high, but log weekly loss
The advance-decline ratio went in favour of the buyers today.
NEW DELHI: Powered by ITC and bank stocks, Indian stock benchmarks ended on a firm note on Friday just ahead of key March quarter earnings from IT majors TCS and Infosys.
However, both Sensex and Nifty snapped their biggest weekly winning streak in a year, with a decline of 0.24 per cent and 0.19 per cent, respectively.
Sustained foreign inflows continued to keep D-Street's morale up. However, global markets slipped as crude oil ticked up.
FIIs have bought equities worth of over Rs 3,000 crore this week alone.
BSE flagship Sensex rose 160 points, or 0.41 per cent, to 38,767. A total of 17 constituents rose and 13 declined. NSE's Nifty settled at 11,643, up 47 points, or 0.40 per cent.
The advance-decline ratio was in favour of the buyers today.
Here's a snapshot of today's market proceedings.
ITC was on the top of the pecking order on the 30-share Sensex, with gains of 3.14 per cent, its highest close since September 14.
Maruti Suzuki, Axis Bank, Vedanta, HeroMoto Corp and ICICI Bank were other big movers.
But it was tough luck for Bharti Airtel, Bajaj Finance, L&T, Tata Motors and IndusInd Bank that lost nearly 1 per cent each.
BSE Midcap and Smallcap indices rose in step with the Sensex, ending higher by 0.29 per cent and 0.37 per cent, respectively.
FMCG and power gained traction in the BSE sectoral space. Telecom led by losses in Airtel and Idea suffered big time.
All sectors ended in the green on the NSE, with media stocks leading the charge.
Expert Take
Vinod Nair, Head of Research, Geojit Financial Services
Market turned positive despite a weak rupee as investors remain focused on earnings, which kickstart today with IT heavy weights. Banks turned out to be the star. CPI inflation, which is expected today, is likely to be under RBI's targeted level. There is a likely pick-up in credit growth. Earnings season will give direction to the market while investors are also keen on the ongoing election to gain confidence.
However, both Sensex and Nifty snapped their biggest weekly winning streak in a year, with a decline of 0.24 per cent and 0.19 per cent, respectively.
Sustained foreign inflows continued to keep D-Street's morale up. However, global markets slipped as crude oil ticked up.
FIIs have bought equities worth of over Rs 3,000 crore this week alone.
BSE flagship Sensex rose 160 points, or 0.41 per cent, to 38,767. A total of 17 constituents rose and 13 declined. NSE's Nifty settled at 11,643, up 47 points, or 0.40 per cent.
The advance-decline ratio was in favour of the buyers today.
Here's a snapshot of today's market proceedings.
ITC was on the top of the pecking order on the 30-share Sensex, with gains of 3.14 per cent, its highest close since September 14.
Maruti Suzuki, Axis Bank, Vedanta, HeroMoto Corp and ICICI Bank were other big movers.
But it was tough luck for Bharti Airtel, Bajaj Finance, L&T, Tata Motors and IndusInd Bank that lost nearly 1 per cent each.
BSE Midcap and Smallcap indices rose in step with the Sensex, ending higher by 0.29 per cent and 0.37 per cent, respectively.
FMCG and power gained traction in the BSE sectoral space. Telecom led by losses in Airtel and Idea suffered big time.
All sectors ended in the green on the NSE, with media stocks leading the charge.
Expert Take
Vinod Nair, Head of Research, Geojit Financial Services
Market turned positive despite a weak rupee as investors remain focused on earnings, which kickstart today with IT heavy weights. Banks turned out to be the star. CPI inflation, which is expected today, is likely to be under RBI's targeted level. There is a likely pick-up in credit growth. Earnings season will give direction to the market while investors are also keen on the ongoing election to gain confidence.
