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Indian benchmark equity indices opened lower on Friday, amid continued selling by FIIs during October
Sensex Today
After starting weak, India stock markets staged a smart recovery, thanks to a firm rally in bank and financial shares. The BSE Sensex snapped its three-day losing run to close 218 points, or 0.27 per cent, higher at 81,224.75 level. The Nifty50, too, ended at 24,854.05, up 104.16 points or 0.42 per cent.
Most of these gains were contributed by Axis Bank (up 5.6 per cent) on the Sensex, followed by ICICI Bank (2.8 per cent), HDFC Bank, Reliance Industries, SBI, and Tata Motors. Percentage gain-wise, Axis Bank, ICICI Bank, Tata Steel, TaMo, NTPC, JSW Steel, SBI, Sun Pharma, Adani Ports, and Bajaj Finserv were top Sensex gainers today.
The benchmarks, however, ended off the day’s high amid losses in Infosys (down 4.4 per cent), Asian Paints, Nestle India, Tech M, HUL, Titan Company, and FMCG. The Sensex hit an intrady high of 81,391.15 today, and the Nifty hit 24,886.20
In the broader markets, the BSE MidCap index added 0.21 per cent, but the BSE SmallCap slipped 0.16 per cent.
Among sectors, the Nifty Private Bank index advanced 1.9 per cent, the Nifty Metal index 1.57 per cent, and the Nifty Bank 1.57 per cent. On the contrary, the Nifty IT index slipped 1.47 per cent and the Nifty FMCG index 0.51 per cent.
Global Cues
Asia-Pacific markets, meanwhile, were trading on a mixed note on Friday as investors assessed crucial GDP growth data from China and Japan’s inflation figures.
China’s economy expanded 4.6 per cent in the third quarter from a year earlier, official data showed, slightly beating analysts’
expectations, and maintaining pressure on policymakers as they consider more stimulus measures.
Following that, the Nikkei 225 was trading 0.4 per cent higher, and the broader Topix index was ahead by 0.4 per cent.
South Korea’s blue-chip Kospi was down 0.25 per cent, while the small-cap Kosdaq was down over 1 per cent.
In China, the CSI 300 was up 0.18 per cent, and the Shanghai Composite was ahead by 0.09 per cent. Hong Kong’s Hang Seng Index was higher by 0.98 per cent.
