Markets closed marginally higher on Friday after a volatile session as investors largely stuck to index heavyweights despite positive global cues.The BSE Sensex settled 12.53 points, or 0.03 per cent, higher at 36,386.61. The broader NSE Nifty inched up 1.75 points, or 0.02 per cent, to 10,906.95.During the week, the 30-share Sensex gained 378.77 points, or 1 per cent and the Nifty rose 112 points, or 1.02 per cent.<\/p>\n
Reliance Industries was the biggest gainer on Sensex in Friday\u2019s session, spurting 4.43 per cent, after the company became the first Indian private sector company to report a quarterly profit of more than Rs 10,000 crore following record earnings from petrochemical, retail and telecom businesses.<\/p>\n
Sun Pharma was the top loser, cracking 8.58 per cent, on reports of fresh allegations by a whistleblower against the company.\u201cDomestic indices failed to absorb the rebound in global market as plunge in pharma stocks and weak rupee dragged the sentiment,\u201d said Vinod Nair, Head of Research, Geojit Financial Services.<\/p>\n
\u201cGlobal headwinds continue to dictate a range-bound movement in the market while any green shoots in quarter earnings provide opportunity to accumulate,\u201d he added.<\/p>\n
On a net basis, foreign portfolio investors purchased shares worth Rs 842.13 crore Thursday, while domestic institutional investors were net sellers to the tune of Rs 727.46 crore, provisional data available with BSE showed.<\/p>\n
According to analysts, global trade tensions and risk of recession will cast a cloud over the sentiment, while lack of major triggers in the domestic market could see range-bound movement in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"
Markets closed marginally higher on Friday after a volatile session as investors largely stuck to index heavyweights despite positive global cues.The BSE Sensex settled 12.53 points, or 0.03 per cent, higher at 36,386.61. The broader NSE Nifty inched up 1.75 points, or 0.02 per cent, to 10,906.95.During the week, the 30-share Sensex gained 378.77 points, […]<\/p>\n","protected":false},"author":1,"featured_media":52966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-52965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=52965"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52965\/revisions"}],"predecessor-version":[{"id":52967,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52965\/revisions\/52967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/52966"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=52965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=52965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=52965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}