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Sensex Ends 12 Points Higher, Nifty Settles At 10,906: 10 Things To Know

Top gainers on the 50-stock Nifty were Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco, HCL Technologies.

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Sensex Ends 12 Points Higher, Nifty Settles At 10,906: 10 Things To Know

Sixteen out of 50 Nifty stocks closed in the positive zone.

Domestic stock markets ended a choppy session on Friday nearly unchanged. The S&P BSE Sensex ended 12.53 points higher, or 0.03 per cent, at 36,386.61 while, NSE's benchmark index Nifty finished at 10,906.95, up 1.75 points or 0.02 per cent from the previous close. Top gainers on the 50-stock Nifty were Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco and HCL Technologies, closing between 4.53 and 1.39 per cent higher. Sixteen out of 50 stocks closed in the positive zone.
Here are 10 things to know:
  1. The Sensex moved in a range of 36,469.98-36,218.33 during the session, whereas the Nifty stayed between 10,852.20 and 10,928.20 at the day's weakest and strongest points respectively.
  2. While heavyweights Reliance Industries and Wipro pushed the markets higher, losses in counters such as Sun Pharma were a drag.
  3. Reliance Industries was the top gainer on the both stock exchanges, a day after oil-to-telecom major announced a record profit for the quarter ended December 31. Shares in RIL closed 4.53 per cent higher at Rs 1,185.80 on the NSE. 
  4. Wipro closed up 3.3 per cent at Rs 346.55 on the NSE, ahead of its quarterly earnings announcement due in the day.
  5. "The budget indication is becoming clear - benefit of taxation coupled with the central bank cutting rates will definitely push the markets higher," news agency Reuters quoted RK Gupta, managing director, Taurus Asset Management, as saying.
  6. "It's a pure trading market and I expect investors to book profits in the first week of February."
  7. Sun Pharma was the major drag on both the stock exchanges. Shares in the pharmaceuticals major ended 8.5 per cent lower at Rs 390.25 on the NSE. 
  8. Meanwhile, the rupee depreciated by 10 paise to 71.13 against the dollar in intraday trade. The benchmark Brent crude futures rose 0.98 per cent to $61.78 per barrel.
  9. On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs. 842.13 crore on Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs. 727.46 crore, provisional data available with NSE showed.
  10. For the week, the 30-share Sensex gained 1 per cent and the Nifty rose 1.02 per cent.

(With agency inputs)





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