ALSO READSensex, Nifty continue trading cautiously; broader markets outperform North Korea missile spooks markets North Korea tensions take Sensex 147 points down, Nifty settles at 9,916 Global stocks tumble, yen gains after North Korea fires missile over Japan Markets at 1-month high: Nifty settles above 10,000, Sensex gains 194 pts
Markets rundown by Jayant Manglik, President, Retail Distribution, Religare Securities Markets ended almost flat in a volatile session today, pressurized by weak global cues. The news of another missile test by the North Korea led a feeble start but buying in select index majors pared losses completely in the middle. However, profit taking in last half an hour again pushed the bulls slightly on the back foot. Amid all, only IT index managed to close with the decent gain while majority ended flat. Pharma falls The Nifty Pharma Index was down 0.5%, breaking its three-day winning streak. Dr. Reddy’s Laboratories and Aurobindo Pharma, which gained in the last three sessions, fell 2% and 1.3%, respectively. Source: NSE ONGC gains State-owned Oil and Natural Gas Corp however rose over 4.4%, the top percentage gainer on the NSE index, snapping a three-session losing run on rising crude oil prices as demand outlook brightens. Top Sensex gaienrs and losers for the day Source: BSE Broader Markets Among broader markets, BSE Midcap index underperformed the benchmarks indices, down 0.3% while BSE Smallcap index was up 0.4% Markets at close Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week. The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point
Global stocks remaind subdued after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.