The Sensex on Friday scaled a new high crossing 36,700 mark for the first time, reaching a peak of 36740.07.
Indian stock markets closed marginally lower, with the BSE Sensex ending at 36,541, down by 0.02 percent, or 6.78 points lower, while the Nifty 50 ended at 11,018. MidCaps dragged both indexes lower with the Nifty MidCap declining by over a percent. ITC, ICICI Bank and Axis Bank were among top losers.
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(Market update as of 3.40pm)
Here's how the markets fared ahead of the closing
Indian stock markets declined ahead of the close on Friday after trading flat nearly all afternoon, dragged lower by underperformance in MidCaps. The Sensex traded lower by 16.12 points, or 0.04 percent, to 36,532.29, while the Nifty was down by 16.30 points, or 0.15 percent lower, at 11,006.90 at 3pm.
Nifty MidCap declined by 1.14 percent, while BSE MidCap lost 0.86 percent. Most BSE Sectoral indices traded lower, except Energy, IT, Consumer Durables. Realty, Telecom, Industrials, Basic Materials declined over a percent.
NSE PSU Bank declined 2.05 percent, while losses in Media were at 3.24 percent. FMCG declined about a little over a percent. No major change among laggards with SBI, Axis Bank, ICICI Bank, ITC leading the list. Infosys, Wipro, Reliance, Adani Ports, Coal India gained on both indexes.
(Market update as of 3pm)
Here's how the markets fared in the afternoon session
Indian shares were trading in the green on Friday, tracking firm gains in the Asian peers. The BSE Sensex was trading at 36,613.17, rising by 64.76 points, while the NSE Nifty 50 was at 11,025.10, as they approached the second half of the trading session.
Earlier in the first hour of trading, the Sensex scaled a new high crossing 36,700 mark for the first time, reaching a peak of 36740.07. The 30-share index gained 973.86 points in previous five sessions to close at a record high of 36,548.41 on Thursday.
The Sensex gainers included Coal India, Reliance, Wipro, Infosys, Kotak Bank, HDFC Bank, Adani Ports, TCS, Maruti Suzuki, Asian Paints, HDFC, Tata Motors, while Axis Bank, ONGC, SBI, ICICI Bank, ITC, Bajaj Auto, M&M and Hero MotoCorp were among the losers.
Nifty gainers were Infosys, Wipro, Reliance, Kotak Bank, Coal India, while the laggards were UPL, Bharti Infratel, HCL Technologies, Axis Bank and SBI.
Both MidCaps on benchmark indexes underperformed. The Nifty MidCap was down by more than a percent, while the BSE MidCap declined by 0.82 percent due to selling in bank, consumer and auto counters.
Among BSE sectoral indices, except energy and information technology, all other indices traded lower, with telecom being the worst, down by 1.34 percent.
Sectoral indices on the NSE also traded lower, except Nifty IT. Nifty PSU Bank was lower by more than 2 percent. Realty, FMCG, Media and Auto were also down by up to 1.72 percent.
Public sector bank stocks took a beating after weak Index of Industrial Production (IIP) and inflation data. Bank of Baroda, Punjab National Bank, State Bank of India, Federal Bank were the top losers in the BSE Bankex, falling up to 4 percent.
Asian stocks rose as US China trade war concerns simmer. Hong Kong's Hang Seng gained 0.58 percent, Japan's Nikkei rose over 2 percent, while Shanghai Composite Index shed 0.16 percent. Wall Street gained overnight with the US Dow Jones Industrial Average closing 0.91 percent higher led by technology stocks.
First Published: IST