Reblog: Nifty ends the week at 9,108; logs 1st weekly fall in March; banking stocks gain


The benchmark indices on Friday settled higher thanks to gains in banking stocks following news reports that the Finance Minister Arun Jaitley has promised to offer a solution to the growing non-performing assets (NPA) crisis in next few days.

The S&P BSE Sensex ended at 29,421, up 89 points, while the broader Nifty50 settled at 9,108, up 22 points. Both the indices logged their first weekly loss in March, retreating from a record high hit last week.

In the broader market, the S&P BSE Midcap ended 0.1% down, while the S&P BSE Smallcap index gained 0.3%.

The market breadth, indicating the overall health of the market, turned negative. On the BSE, 1,471 shares declined and 1,346 shares advanced. A total of 218 shares were unchanged.

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Markets settle on Friday flat ahead of Dec IIP data; TCS gains 2%


Benchmark indices settled the day flat even ahead of December factory output later today on hopes of reviving economy. The factory output grew by 5.7% in November even after the note ban announced by PM Narendra Modi.

 

Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.

 

Nifty 50 continued to hover around 8,800 levels, gaining for third consecutive week, led by TCS, Grasim, Tech Mahindra and Infosys.

 

The BSE Sensex index rose 0.4% this week while the NSE added 0.6% even after the RBI held rated for the second time and changed its stance to ‘Neutral’ from ‘Accomodative’
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Sensex ends lower on Friday, Nifty below 8,150; Bharti Airtel top loser


The benchmark indices ended the Friday’s session lower as markets looked to settle down after the US Federal Reserve on Wednesday issued an outlook that was more hawkish than expected.

The S&P BSE Sensex ended at 26,489, down 30 points, while the broader Nifty50 closed at 8,139, down 14 points.

The market breadth, indicating the overall health of the market, remained negative. On the BSE, 1,486 shares declined and 1,122 shares rose. A total of 167 shares were unchanged.

Bharti Airtel was the top loser and lost 3% on the BSE. Other losers included ONGC, Adani Ports, ICICI Bank and ITC.

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