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Indian benchmark equity indices BSE Sensex and Nifty 50 opened marginally higher but pared their gains seconds later on Friday.
Sensex, Nifty
Indian benchmark equity indices BSE Sensex and Nifty 50 opened marginally higher but pared their gains seconds later on Friday.
At opening bell, the BSE Sensex was up 51.11 points, or 0.06 per cent, at 80,116, while the Nifty 50 was at 24,418, up 18.65 points, or 0.08 per cent.
Among the 30 constituent stocks of the BSE Sensex, less than half were trading in the red, with loses capped by IndusInd Bank, which was down 10 per cent, followed by NTPC, Larsen & Toubro, Mahindra & Mahindra, and JSW Steel.
In contrast, gains were led by ITC, which was up 3.15 per cent, followed by Axis Bank, Asian Paint, Hindustan Unilever, and HCLTech.
On the Nifty 50, 19 stocks were trading in the green, while the rest were down. Loses were capped by IndusInd Bank, which was down 10 per cent, followed by NTPC, Larsen & Toubro, Mahindra & Mahindra, and JSW Steel.
Meanwhile, ITC was the top gainer on the index, climbing 3.23 per cent, followed by Axis Bank, Britannia Industries, Asian Paint, and HCLTech.
Across sectors, the Nifty Bank, Auto, Metal, Realty, Consumer Durables and Oil & Gas were among the indices trading with loses, while the FMCG index had climbed 1.45 per cent.
The Healthcare, Pharma, Financial Services, and PSU Bank were trading in the green.
In the broader markets, the Nifty Midcap 100 was down 0.29 per cent, while the Nifty Smallcap 100 marginally up by 0.04 per cent.
Global Cues
That apart, markets in the Asia-Pacific region were mostly higher on Friday, with investors awaiting Japan’s general election over the weekend.
The benchmark Nikkei 225 was down 0.67 per cent, while the Topix was down 0.70 per cent, on pace for a fifth straight day of losses.
In contrast, South Korea’s Kospi was up 0.45 per cent, and the small-cap Kosdaq down 0.75 per cent.
In China, the Shanghai Composite was up 0.23 per cent and the CSI300 was up 0.45 per cent, while Hong Kong’s Hang Seng index was up 0.73 per cent.
Australia’s S&P/ASX 200 was up 0.34 per cent.
Meanwhile, global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while US Treasury yields and strong corporate results allayed worries over upcoming US elections and interest rate cuts.
The benchmark S&P 500 and the Nasdaq finished higher, with gains in consumer discretionary stocks and losses in materials and utilities equities. The Dow ended lower.
The Dow Jones Industrial Average fell 0.33 per cent to 42,374.36, the S&P 500 rose 0.21 per cent to 5,809.86 and the Nasdaq Composite advanced 0.76 per cent to 18,415.49.
