Sensex, Nifty Post Weekly Gains As Traders Shift Focus To Earnings
Find Out All That You Missed During The Day In Countdown
Closing Bell: Sensex, Nifty Edge Higher Led By Auto Stocks
Indian equity benchmarks rebounded from losses in the previous session led by Reliance Industries, TCS and Hero MotoCorp. However, a late selloff in HDFC twins, ICICI Bank and Sun Pharma capped gains.
The S&P BSE Sensex rose 0.23 percent or 83 points to 35,658 and the NSE Nifty 50 index climbed 0.2 percent or 23 points to 10,773.
For the week, Sensex rose 0.54 percent and the Nifty advanced 0.66 percent.
Cable TV Operators Fall For A Second Day
Shares of cable television service providers fell for a second day in a row a day after Reliance Industries chairman Mukesh Ambani announced launch of JioGigaFiber a fiber-to-home broadband network across India.
- Hathway Cable & Datacom fell 11 percent
- Den Networks declined 9 percent
- GTPL Hathway tumbled 4.5 percent
- Siti Networks slumped 4.5 percent
Equities On Edge As Tariffs Arrive; Dollar Dips
European stocks trimmed gains and U.S. equity futures slipped as sentiment remained shaky after China put in place its response to well-telegraphed U.S. trade tariffs. The dollar edged lower and Treasuries were steady.
Bharat Electronics Rises Most In Over 8 Months
Shares of the Bengaluru-based defence equipment maker rose as much as 9.1 percent, its biggest intraday gain in over eight months, to Rs 111.55 on heavy volumes.
Trading volume was 3.6 times its 20-day average.