Nifty Auto index ends 2.20% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HERO MOTOCORP 3329.35 3164.85 164.50 5.20 BAJAJ AUTO 2923.55 2783.10 140.45 5.05 MOTHERSON SUMI 303.15 290.70 12.45 4.28 M & M 973.70 934.95 38.75 4.14 TVS MOTOR CO. 589.85 569.70 20.15 3.54 Nifty sectoral gainers and losers of the day BSE Sensex: Hero MotoCorp, Bajaj Auto, M&M among top gainers of the day Markets at close The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points. Iron ore output to rise 5% in FY19 on stable demand from infra, auto Domestic iron ore production is projected to grow by five per cent in 2018-19, helped by a stable demand from the infrastructure and automobile industries. Apart from the anticipated growth in production, demand for iron ore inside the country will be met by the accumulated ore stocks at mine heads, chiefly in the states of Odisha and Jharkhand which between them account for 80 per cent of the piled up inventory. READ MORE State Bank of India says Anshula Kant appointed MD Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank's managing director. READ MORE
The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points.
Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led by MOIL and Jindal Steel & Power.
Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region.
(with wire inputs)