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MARKET WRAP: Indices end flat, Sensex slips 27 pts; Suzlon Energy gains 31%

In the broader market, the S&P BSE MidCap index gained 54 points, or 0.38 per cent to 14,170, while S&P BSE SmallCap index settled at 13,518, up 104 points, or 0.77 per cent.

SI Reporter  | New Delhi 

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The benchmark indices settled flat on Friday amid a rise in automobile and metal stocks. The S&P BSE Sensex ended at 35,871, down 27 points, while the broader Nifty50 index settled at 10,792, up 2 points.

Among sectoral indices, Nifty Auto index rose 1.5 per cent driven by gains in Motherson Sumi Systems and Tata Motors. The Nifty Metal index, too, rose 1.65 per cent led by Jindal Stainless (Hisar) and Welspun Corp.

In the broader market, the S&P BSE MidCap index gained 54 points, or 0.38 per cent to 14,170, while S&P BSE SmallCap index settled at 13,518, up 104 points, or 0.77 per cent.

Buzzing Stocks

Shares of Reliance Nippon Life Asset Management surged 20 per cent to Rs 224 in intra-day trade, rallying 44 per cent in past two trading sessions on the BSE, after Reliance Capital decided to put its stake in the company up for grabs. The stock settled at Rs 199, up 6.3 per cent on Friday.
 
Suzlon Energy jumped 31 per cent to end at Rs 5.80 on the BSE. In intra-day deals, the stock had touched a high of Rs 6.15, rallying 68.5 per cent in the past two trading sessions from a level of Rs 3.65 on Wednesday.
 
Global Markets

Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.

After inching higher in early trade, MSCI's broadest index of Asia-Pacific shares outside Japan fell into the red as more markets opened across the region, dipping 0.1 per cent. Chinese blue-chip shares were down 0.1 per cent in late-morning trade after briefly breaking into positive territory. Seoul's Kospi lost 0.3 per cent. Shares in Taiwan were also 0.3 per cent lower. Japan's Nikkei was down 0.4 per cent.

(with Reuters input)

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