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Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7%
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent
Stock market updates: Domestic markets ended a tumultuous week on a flat note amid subdued trade in Asia and bleak UK economic data. The Office for National Statistics said on Friday that the UK's gross domestic product shrank 9.9 per cent in 2020, its biggest decline on record.
Asian shares hovered just below record highs as less than expected fall in the US weekly jobless claims too caused investors to show restraint. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.05 per cent, Australian stocks lost 0.63 per cent, and shares in Tokyo fell 0.2 per cent.
In Europe, the pan-European STOXX 600 index dipped 0.1 per cent, while the blue-chip FTSE 100 index fell 0.2 per cent.
Back home, indices turned sharply lower in the fag-end of the session but recovered marginally to end mildly higher. The benchmark S&P BSE Sensex tumbled 543 points from the day's high to hit an intra-day low of 51,261. At close, the index was at 51,544 levels, up 13 points or 0.02 per cent. The NSE's Nifty50, meanwhile, ended at 15,163 level, down 10 points or 0.07 per cent.
ICICI Bank, Infosys, HDFC, and Axis Bank were the top gainers on the Sensex index while Adani Ports, ICICI Bank, Infosys, and Wipro were the top performing stocks on the Nifty. ITC, Sun Pharma, ONGC, and Bharti Airtel were the top drags on both the indices.
Broader markets, too, ended mixed today. The S&P BSE MidCap index was up 0.06 per cent at close while the S&P BSE SmallCap index settled 0.02 per cent lower.
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent. At the other end of the spectrum, Nifty Private Bank and the Nifty Bank indices gained 1 per cent each.
Housing financier HDFC on Friday entered the elite club of Rs 5-trillion market-capitalisation mark, after its shares surged to touch a record high of Rs 2,808 apiece on the BSE. The stock settled 1 per cent higher at Rs 2,790 apiece on the BSE with a m-cap of Rs 5.01 trillion. HDFC Ltd is the sixth Indian company to have achieved this milestone, after Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, and Infosys.
Moreover, Adani Enterprises today entered the list of the top-50 most valuable companies in India after the company's stock price rallied 9 per cent to Rs 719, also its new high, on the BSE in intra-day trade. The stock settled at day's higher. READ MORE
Shares of SBI Cards and Payment Services, on Friday, hit a new high of Rs 1,048.65 after rising 2 per cent intra-day on the BSE, thus surpassing its previous high of Rs 1,040, recorded on January 22, 2021. Thus far in the calendar year 2021, SBI Cards has outperformed the market by surging 23 per cent, as compared to 8.5 per cent rise in the S&P BSE Sensex. A sharp rally in the share price has seen the market capitalisation (market-cap) of SBI Card inches towards Rs 1-trillion mark. READ MORE