Ahead of key economic growth data release, the Bombay Stock Exchange (BSE) benchmark index Sensex ended at 36,194.30, up 23.89 points or 0.07 per cent from the previous close, and the Nifty50 index of the National Stock Exchange (NSE) edged higher by 18.05points or 0.17 per cent to settle at 10,876.75. The indices got a boost by pharma, IT, and realty stocks.
Top gainers on the 50-scrip index Nifty were Yes Bank (+6.26 per cent), Wipro (+3.14 per cent), Cipla (+3.03 per cent), Dr Reddy's (+2.81 per cent) and Tech Mahindra (+2.81 per cent).
Banking stocks witnessed selling pressure on the NSE. In contrast, IT, realty and healthcare stocks outperformed the benchmark index.
Thirteen out of 30 Sensex stocks closed in the green. Top gainers in the 30-share Sensex pack were Yes Bank (+5.73 per cent), Wipro (+3.14 per cent), Kotak Bank (+2.44 per cent), Mahindra & Mahindra (+2.21 per cent), Sun Pharma (+1.84 per cent) and Maruti (+1.52 per cent). HDFC, Kotak Bank and Infosys contributed the most to the gains.
Shares of non-banking financial companies gained after Reserve Bank of India (RBI) relaxed rules to sell or securitise their loan books, in a bid to ease persistent stress in the sector. Shares of Dewan Housing Finance Corp Ltd's closed 5.71 per cent higher on BSE, while those of Bajaj Finance Ltd closed at 0.69 per cent higher on the index.
According to RK Gupta, Managing Director, Taurus Asset Management, the decline in international crude oil prices and strengthening of rupee were the positives on Friday. "Investors are also eyeing outcome of the G20 meet over the weekend," he said.
Brent was down 55 cents at $58.96 a barrel by 1015 GMT or 3:45 pm IST, while US crude was down 75 cents at $50.70.
The rupee rose for a fourth straight day, up 13 paise at 69.78 against the dollar intra-day amid weakness in the greenback against some currencies overseas.
Trading sentiment was mixed ahead of the two-day G20 summit in Argentina and expectation of oil production cut in the upcoming Organization of the Petroleum Exporting Countries (OPEC) meet, traders were quoted as saying in the PTI report.
Investors also turned cautious ahead of the gross domestic product (GDP) data scheduled to be released later in the day, traders said.
On Thursday, on a net basis, foreign portfolio investors (FPIs) bought shares worth Rs. 823.47 crore while domestic institutional investors (DIIs) were net buyers to the tune of Rs. 973.31 crore, provisional data available with BSE showed.
(With Agencies)
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