Continuing with their lacklustre performance for the third straight day, the equity benchmark indices
settled on a flat note on Friday. While the day witnessed solid buying in bluechips such as Reliance Industries (RIL), HCL Tech, HDFC Bank and TCS, the gains in the index were capped by drubbing in counters including Sun Pharma, Bharti Airtel and L&T.
The S&P BSE Sensex
ended just 13 points higher at 36,387, while NSE's Nifty50 index held the crucial 10,900 level to close at 10,907, up 2 points.
On the weekly basis, both the indices
ended 1 per cent higher.
Sectorally, barring IT, all other indices
ended in the red with the pharma stocks
bleeding the most. The Nifty
Pharma pack lost nearly 3 per cent to end the day at 8,690.
of pharma bellwether Sun Pharma crashed to their six year- low of Rs 375.40 apiece in the early trade on Friday after news
reports suggested fresh whistleblower documents were sent to Sebi. The stock plunged as much as 12 per cent on BSE.
The company, however, in a BSE
filing clarified that it was not privy to the news
reported by MoneyLife
The stock, eventually, ended nearly 9 per cent lower at Rs 390.75.
of Reliance Industries closed over 4 per cent higher at Rs 1,183 apieceon the BSE after the company reported a better-than-expected consolidated net profit of Rs 10,251 crore in October-December quarter (Q3FY19). RIL became the first Indian private sector company to cross Rs 10,000 crore quarterly profits milestone. The company had a profit of Rs 9,420 crore in the year-ago quarter.
In the broader market, the S&P BSE MidCap index closed trading 119 points or 0.79 per cent lower at 15,023 levels, while the S&P BSE Smallcap index ended 107 points or nearly 1 per cent lower at 14,505.
rose across the board on Friday as a report of progress in US-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
MSCI's broadest index of Asia-Pacific shares
outside Japan added 0.55 per cent. The index has gained 1.3 per cent this week. The Shanghai Composite Index was up 1 per cent. Australian stocks
rose 0.5 per cent, South Korea's KOSPI advanced 0.6 per cent while Japan's Nikkei gained more than 1 per cent to a one-month high.
(with Reuters inputs)