You are here: Home » Markets » News

Sensex ends 214 pts higher amid broad-based buying; Asian Paints gains 4%

All that happened in the markets today

Topics
Markets | SBI Life Insurance | Divis Laboratories

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai.
The Indian ended over half a per cent higher on Friday, lifted by financial stocks, while volatility index, India VIX, dipped 4 per cent to below 20 levels.

The S&P BSE Sensex gained 214 points, or 0.56 per cent, to 38,435 levels, and the Nifty50 index ended above the 11,350-mark at 11,372, up 59 points or 0.53 per cent. NTPC (up over 4.5 per cent), Asian Paints (up over 4 per cent) and Power Grid (up over 4 per cent) were the top Sensex gainers. Asian Paints hit a record high of Rs 1,971 during the day. The stock settled at Rs 1,958.35 on the BSE. 

On a weekly basis, Sensex gained 1.47 per cent while Nifty added 1.72 per cent. 

On the flip side, ONGC (down over 1 per cent), Bharti Airtel (down 1 per cent), and Tata Steel (down nearly 1 per cent) were the biggest losers on the index.

Among other individual stocks, GMM Pfaudler surged over 8 per cent in early deals after it said it has acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million.

The trend among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up 1.8 per cent.

Meanwhile, the broader kept up their outperformance. The S&P BSE MidCap index ended at 14,954, up 0.57 per cent while the S&P BSE SmallCap index ended at 14,625.19, up nearly 1.5 per cent.

Global markets

China stocks ended higher on Friday and posted a weekly rise, as investors cheered a series of solid corporate earnings, though uncertainty over Sino-US trade talks kept a check on gains. The blue-chip CSI300 index rose 0.9 per cent, to 4,718.84, while the Shanghai Composite Index added 0.5 per cent to 3,380.68.

In Europe, shares edged higher after data showed Germany’s manufacturing sector rebounded further in August, but gains were capped as overall recovery in euro zone business activity stalled.

Oil prices edged lower but held near a five-month high as an easing of coronavirus lockdowns aids a slow recovery in fuel demand while major crude producers seek to limit supply.

(With inputs from Reuters)




CATCH ALL THE LIVE UPDATES

Auto Refresh