Sensex ends flat on Friday, Nifty below 10,100; indices up 1% for the week

Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week.

The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point

Among broader markets, BSE Midcap index underperformed the benchmarks indices, down 0.3% while BSE Smallcap index was up 0.4%

Global stocks remained subdued after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.

The Nifty Pharma Index was down 0.5%, breaking its three-day winning streak.

Dr. Reddy’s Laboratories and Aurobindo Pharma, which gained in the last three sessions, fell 2% and 1.3%, respectively.

State-owned Oil and Natural Gas Corp, however, rose over 4.4%, the top percentage gainer on the NSE index, snapping a three-session losing run on rising crude oil prices as demand outlook brightens.

Here are some picks from the week gone by.

Company: Kaveri Seed CMP: 578.00 Mastermind

Company: Pidilite Industries CMP: 838.00 Mastermind

Company: Ambuja Cements CMP: 284.20 Mastermind

Company: Tata Communication CMP: 707.70 Mastermind

Company: Axis Bank CMP: 517.60 Mastermind

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