You are here: Home » Markets » News
Business Standard

MARKET WRAP: Infy ends 2% higher ahead of Q1 results; Sensex ends flat

Among sectoral indices, the Nifty PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.

SI Reporter  |  New Delhi 

markets, sensex, nifty
Representational Image

Infosys ended over 2% higher on the NSE Nifty PSU Bank index settles 2.05% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) CANARA BANK 231.75 241.95 -10.20 -4.22 BANK OF INDIA 81.70 84.85 -3.15 -3.71 INDIAN BANK 334.75 347.60 -12.85 -3.70 ALLAHABAD BANK 40.60 42.00 -1.40 -3.33 ORIENTAL BANK 70.95 73.15 -2.20 -3.01 See More Nifty sectoral losers of the day BSE Sensex: Infosys settles 2.12% higher. RIL rises 1.37%. Market at close   The S&P BSE Sensex ended at 36,542, down 7 points while the broader Nifty50 index settled at 11,019, down 4 points. BSE Smallcap index falls over 1%; PVR, Inox Leisure tank up to 14% Shares of smallcap companies were under pressure with the S&P BSE Smallcap index falling more than 1% after a sharp decline in stock prices of PVR, KNR Constructions, Inox Leisure and Gujarat Narmada Valley Fertilizers & Chemicals (GNFC). READ MORE

The benchmark pared their day's gains to end flat on Friday.

The S&P ended at 36,542, down 7 points. The index had hit a fresh all-time high of 36,740.07 in intra-day deals earlier today tracking global ahead of information technology (IT) heavyweight Infosys June quarter earnings later in the day. The broader Nifty50 index settled at 11,019, down 4 points.

The IT major, Infosys settled 2.2% higher at Rs 1,323 on the National Stock Exchange.

Among sectoral indices, the PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.

GLOBAL MARKETS
 
Asian extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-US trade tensions have tempered exuberance.

MSCI's broadest index of Asia-Pacific outside Japan was up 0.6 per cent, adding to a 0.6 per cent rise on Thursday, after US ended the day higher. Japan's Nikkei stock index was 1.9 per cent higher. The index hit a two-and-a-half-week high Friday supported by weakness in the yen, and as index-heavy stock Fast Retailing jumped after posting strong third-quarter results.

(with Reuters inputs)

First Published: Fri, July 13 2018. 08:15 IST
RECOMMENDED FOR YOU

MARKET WRAP: Infy ends 2% higher ahead of Q1 results; Sensex ends flat

Among sectoral indices, the Nifty PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.

The benchmark pared their day's gains to end flat on Friday.

The S&P ended at 36,542, down 7 points. The index had hit a fresh all-time high of 36,740.07 in intra-day deals earlier today tracking global ahead of information technology (IT) heavyweight Infosys June quarter earnings later in the day. The broader Nifty50 index settled at 11,019, down 4 points.

The IT major, Infosys settled 2.2% higher at Rs 1,323 on the National Stock Exchange.

Among sectoral indices, the PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.

GLOBAL MARKETS
 
Asian extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-US trade tensions have tempered exuberance.

MSCI's broadest index of Asia-Pacific outside Japan was up 0.6 per cent, adding to a 0.6 per cent rise on Thursday, after US ended the day higher. Japan's Nikkei stock index was 1.9 per cent higher. The index hit a two-and-a-half-week high Friday supported by weakness in the yen, and as index-heavy stock Fast Retailing jumped after posting strong third-quarter results.

(with Reuters inputs)

image
Business Standard
177 22