AgenciesDomestic equity indices closed flat on Friday as gains seen in banking stocks were offset by selling pressure in select index heavyweights like and .
The 30-share Sensex rose 36.74 points to end at 58,803.33. Its broader peer, Nifty50, ended at 17,539.45, down 3.35 points.
was the top gainer from the 30-share pack, rising 1.75 per cent to Rs 2,445.45, surged 1.72 per cent, L&T was up 1.49 per cent, and rose 0.95 per cent. , , and were also among the stocks that settled with gains.
On the other hand, fell 1.19 per cent to Rs 8,920.10. Reliance declined 1.19 per cent, followed by , down 1.04 per cent, while fell 0.99 per cent.
Earlier in the day, Asian markets ended on a mixed note as South Korea’s Kospi and Japan's Nikkei fell 0.26 per cent and 0.04 per cent, respectively, while China’s Shanghai Composite ended flat.
Vinod Nair, Head of Research at , said that the market struggled for a firm direction today as global markets were largely under selling pressure ahead of the release of US job data, which could provide insight into upcoming Fed actions.
“Oil prices rose ahead of the OPEC+ meeting on the expectation of a reduction in output, even though weak global growth prospects remain a concern. A surging dollar index and rising US bond yields could be reflected in the elevated volatility of the domestic market in the near term," Nair said.
Sectorally, the Nifty Financial Services index surged 0.51 per cent, while Nifty FMCG rose 0.39 per cent. On the other hand, Nifty Oil&Gas and PSU Bank declined 1.03 per cent and 0.67 per cent, respectively. Nifty Midcap50 and Smallcap50 fell 0.13 per cent and 0.17 per cent, respectively.
The 30-share Sensex rose 36.74 points to end at 58,803.33. Its broader peer, Nifty50, ended at 17,539.45, down 3.35 points.
was the top gainer from the 30-share pack, rising 1.75 per cent to Rs 2,445.45, surged 1.72 per cent, L&T was up 1.49 per cent, and rose 0.95 per cent. , , and were also among the stocks that settled with gains.
On the other hand, fell 1.19 per cent to Rs 8,920.10. Reliance declined 1.19 per cent, followed by , down 1.04 per cent, while fell 0.99 per cent.
Earlier in the day, Asian markets ended on a mixed note as South Korea’s Kospi and Japan's Nikkei fell 0.26 per cent and 0.04 per cent, respectively, while China’s Shanghai Composite ended flat.
Vinod Nair, Head of Research at , said that the market struggled for a firm direction today as global markets were largely under selling pressure ahead of the release of US job data, which could provide insight into upcoming Fed actions.
“Oil prices rose ahead of the OPEC+ meeting on the expectation of a reduction in output, even though weak global growth prospects remain a concern. A surging dollar index and rising US bond yields could be reflected in the elevated volatility of the domestic market in the near term," Nair said.
Sectorally, the Nifty Financial Services index surged 0.51 per cent, while Nifty FMCG rose 0.39 per cent. On the other hand, Nifty Oil&Gas and PSU Bank declined 1.03 per cent and 0.67 per cent, respectively. Nifty Midcap50 and Smallcap50 fell 0.13 per cent and 0.17 per cent, respectively.
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