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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

In the broader market, the S&P BSE MidCap rose 0.6 per cent to settle at 15,039 levels, while the S&P BSE SmallCap settled 0.5 per cent higher at 14,427 levels.

SI Reporter  |  New Delhi 

Markets, Up, Down, BSE, NSE, Stocks
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The domestic equity market signed off the first day of December F&O series on a flat note with a positive bias on Friday amid buying in pharmaceutical, information technology (IT) and automobile counters.

The S&P ended at 36,194, up 24 points, or 0.1 per cent, while the broader Nifty50 index settled at 10,877, up 18 points, or 0.2 per cent.

In the broader market, the S&P MidCap rose 0.6 per cent to settle at 15,039 levels, while the S&P SmallCap settled 0.5 per cent higher at 14,427 levels.

Going ahead, investors will look forward to key macroeconomic data such as numbers for the September quarter, and core sector growth, due later in the day. That apart, investors will also keep an eye on the meeting between Chinese President Xi Jinping and US President Donald Trump at the summit in Buenos Aires this weekend.

The traded on a firm note on Friday, rising to 69.59 against the US dollar in intra-day trade on the back of free fall in crude prices and heavy buying by foreign institutional investors (FIIs). The domestic unit on Thursday had breached the 70-mark for the first time since August 27 to end at a three-month high of 69.85 per US dollar.

Key stocks

Reliance Communications (RCom) rose 13 per cent to Rs 14.40 on the National Stock Exchange (NSE) on Friday after the Supreme Court asked RCom to furnish a corporate guarantee of Rs 14 billion within two days to get the No Objection Certificate (NOC) from the government. The corporate guarantee will be issued by Reliance Realty Ltd, a wholly-owned subsidiary of RCom.

The Pharma index rose 2 per cent led by a rise in of Biocon and Dr. Reddy's Laboratories. The IT index gained 1.2 per cent led by Infosys and Tata Consultancy Services (TCS).

YES Bank ended 6.3 per cent higher at Rs 170.50 after a TV report said that the private bank's promotor Rana Kapoor doesn’t have any ownership in Morgan Credits or Yes Capital.

In an exclusive interaction with CNBC-TV18, the bank's management clarified that the CEO Rana Kapoor doesn't have any ownership in Morgan Credits and YES Capital.

Global markets

Asian twitched either side of flat on Friday, reflecting investors' nervousness ahead of talks between US President Donald Trump and China's President Xi Jinping that could determine whether the Sino-US trade war gets any worse.

MSCI's broadest index of Asia-Pacific outside Japan was down 0.2 per cent, as an official survey pointed to a slowdown in China's manufacturing sector. The index was still set for its best month since January as it bounced from a bruising October.

In Japan, the Nikkei ended 0.4 per cent higher, while Korean shares dropped 0.8 per cent after the country's central bank lifted its policy interest rate in a widely expected decision. Chinese blue-chips advanced 1 per cent despite a survey showing China's factory growth stalled for the first time in more than two years in November.

Oil prices

Brent firmed on Friday on expectations that OPEC and Russia will agree to some form of production cut next week, while US crude was weaker due to swelling inventories. International Brent crude oil futures were at $59.68 per barrel, up 17 cents, or 0.3 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were at 51.41, down 4 cents.

(with wire inputs)

MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

Market at close   The S&P BSE Sensex added 24 points to settle at 36,194 while NSE's Nifty50 index ended at 10,877, up 18 points

MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

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MARKET WRAP: Sensex, Nifty end flat ahead of GDP nos; IT, pharma stks rally

In the broader market, the S&P BSE MidCap rose 0.6 per cent to settle at 15,039 levels, while the S&P BSE SmallCap settled 0.5 per cent higher at 14,427 levels.

The domestic equity market signed off the first day of December F&O series on a flat note with a positive bias on Friday amid buying in pharmaceutical, information technology (IT) and automobile counters.

The S&P ended at 36,194, up 24 points, or 0.1 per cent, while the broader Nifty50 index settled at 10,877, up 18 points, or 0.2 per cent.

In the broader market, the S&P MidCap rose 0.6 per cent to settle at 15,039 levels, while the S&P SmallCap settled 0.5 per cent higher at 14,427 levels.

Going ahead, investors will look forward to key macroeconomic data such as numbers for the September quarter, and core sector growth, due later in the day. That apart, investors will also keep an eye on the meeting between Chinese President Xi Jinping and US President Donald Trump at the summit in Buenos Aires this weekend.

The traded on a firm note on Friday, rising to 69.59 against the US dollar in intra-day trade on the back of free fall in crude prices and heavy buying by foreign institutional investors (FIIs). The domestic unit on Thursday had breached the 70-mark for the first time since August 27 to end at a three-month high of 69.85 per US dollar.

Key stocks

Reliance Communications (RCom) rose 13 per cent to Rs 14.40 on the National Stock Exchange (NSE) on Friday after the Supreme Court asked RCom to furnish a corporate guarantee of Rs 14 billion within two days to get the No Objection Certificate (NOC) from the government. The corporate guarantee will be issued by Reliance Realty Ltd, a wholly-owned subsidiary of RCom.

The Pharma index rose 2 per cent led by a rise in of Biocon and Dr. Reddy's Laboratories. The IT index gained 1.2 per cent led by Infosys and Tata Consultancy Services (TCS).

YES Bank ended 6.3 per cent higher at Rs 170.50 after a TV report said that the private bank's promotor Rana Kapoor doesn’t have any ownership in Morgan Credits or Yes Capital.

In an exclusive interaction with CNBC-TV18, the bank's management clarified that the CEO Rana Kapoor doesn't have any ownership in Morgan Credits and YES Capital.

Global markets

Asian twitched either side of flat on Friday, reflecting investors' nervousness ahead of talks between US President Donald Trump and China's President Xi Jinping that could determine whether the Sino-US trade war gets any worse.

MSCI's broadest index of Asia-Pacific outside Japan was down 0.2 per cent, as an official survey pointed to a slowdown in China's manufacturing sector. The index was still set for its best month since January as it bounced from a bruising October.

In Japan, the Nikkei ended 0.4 per cent higher, while Korean shares dropped 0.8 per cent after the country's central bank lifted its policy interest rate in a widely expected decision. Chinese blue-chips advanced 1 per cent despite a survey showing China's factory growth stalled for the first time in more than two years in November.

Oil prices

Brent firmed on Friday on expectations that OPEC and Russia will agree to some form of production cut next week, while US crude was weaker due to swelling inventories. International Brent crude oil futures were at $59.68 per barrel, up 17 cents, or 0.3 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were at 51.41, down 4 cents.

(with wire inputs)

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