Share markets in India continued to trade near the dotted line in the afternoon session as investors remained wary ahead of key industrial production (IIP) economic data for December to be released later today.
Equity benchmarks managed to eke out modest gains amid consolidation on Friday, supported by technology stocks and positive global cues. Investors awaited December industrial output data due later today and corporate earnings.
NSE Nifty closed at 8793.8 levels up by 15.4 points, while BSE Sensex closed at 28334.25 levels, up by 4.55 points or 0.02%..
European markets were higher as investors tracked earnings and looked ahead to the meeting between President Donald Trump and Japanese Prime Minister Shinzo Abe. Asian markets closed higher, following a boost in US equities on the back of President Donald Trump saying he would soon announce a “phenomenal” tax plan.
Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 2.49% while China’s Shanghai Composite is up 0.42% and Hong Kong’s Hang Seng is up 0.21%. European markets are higher today with shares in London leading the region. The FTSE 100 is up 0.27% while Germany’s DAX is up 0.25% and France’s CAC 40 is up 0.17%.
Nifty IT was the top gainer among the sectoral indices on NSE. The index surged in the closing hours to close at 10372.85 levels, up by 204.95 points or 2.02.
Heavyweight player from IT, TCS closed at Rs 2382.9 per share, up by Rs 65.60 per share or 2.83%. Tech Mahindra closed at Rs 499.85 per share, up by Rs 14.85 per share or 3.06%. Infosys closed at Rs 967 per share, up by Rs 21 per share or 2.22%.
Grasim was the top gainer in the pack of Nifty 50 stocks, closing at Rs 1014.90 per share, up by 4.13%.
Arcotech Limited closed at Rs 737 per share, up by Rs 122.80 per share or 19.99%.
Aegis Logistics closed at Rs 201.95 per share, up by Rs 19.50 per share or 10.69%.
MBL Infrastructure closed at Rs 54.35 per share, up by Rs 4.90 per share or 9.91%.
Oberoi Realty closed at Rs 341 per share, up by Rs 14.75 per share or 4.52%.
There were 734 advances, 906 declines and 273 unchanged stocks on NSE, reflecting some negative bias floating in the market.
The rupee was trading at 66.87 per US dollar.
Top 5 Nifty Gainers: Grasim Ind. (4.13%), Tech Mahindra Ltd. (3.06%), TCS (2.83%), Infosys Ltd. (2.22%), and Adani Ports Ltd. (2.20%).
Top 5 Nifty Losers: Aurobindo Pharma Ltd. (-4.06%), BPCL (-1.77%), Lupin Ltd. (-1.67%), Dr. Reddy’s Lab (-1.56%) and GAIL (-1.50%)
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