(Representative image)
NEW DELHI: Equity indices finished in green on Friday with the benchmark BSE sensex rising over 200 points, led by gains in auto and finance stocks.
After sliding nearly 1,200 points during the day, the BSE sensex staged a comeback to finish 243 points or 0.72 per cent higher at 33,781. While, the broader NSE Nifty rose 71 points or 0.72 per cent to close at 9,973.
Top gainers in the sensex pack included M&M, Bajaj Finance, Hero MotoCorp, Reliance and Titan with their shares rising as much as 7.28 per cent.
While, ONGC, Tech Mahindra, Power Grid, Infosys and Axis Bank were the major losers, falling up to 3.34 per cent.
On NSE, sub-indices Nifty Auto, Realty and PSU Bank gained as much as 2.86 per cent.
According to analysts, market witnessed a gap-down opening on negative cues from Wall Street and Asian peers, foreign fund outflows and concerns over rising coronavirus cases. However, recovery in RIL and strong opening of European stocks lifted domestic investor sentiment.
“Global scenario is overall weak … The second wave of the infection is hitting the market sentiments and economies as well,” Rahul Sharma, head of research, Equity99 Advisors told news agency Reuters.
“Markets are being driven by the sentiments and current space is so volatile that many investors are getting trapped, we are advising traders to remain cautious,” he added.
Meanwhile, the rupee settled 5 paise lower at 75.84 (provisional) against the US dollar as volatile domestic equities and sustained foreign fund outflows weighed on investor sentiment.
On a net basis, foreign institutional investors sold equities worth Rs 805.14 crore in the capital market on Thursday, provisional exchange data showed.
(With agency inputs)
