Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Amid weak Asian and European equity markets, Indian benchmark indices snapped three-day winning streak and closed last trading session of the week with marginal declines.
The Sensex at the BSE closed 27 points or 0.09 per cent down at 29,621 while the NSE Nifty ended unchanged at 9,174.
However broader markets closed in the positive zone. BSE Midcap and BSE Smallcap indices jumped 0.8 per cent and 0.7 per cent respectively.
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Among the BSE sectoral indices, Oil & Gas index closed with the biggest gain, up 1.9 per cent. Metal (up 1.1 per cent), Consumer durables (up 1.1 per cent), Capital Goods (up 1 per cent) and Power (up 0.6 per cent) indices were other notable gainers. Telecom and Bankex indices declined 0.9 per cent and
On Thursday, the NSE Nifty had closed at record closing high, up 30 points or 0.33 per cent at 9,174. The Sensex at the BSE had closed 116 points or 0.39 per cent higher at 29,647.
Top gainers in the Sensex-30 pack: Reliance Industries (up 3.9 per cent), NTPC (up 1.6 per cent), L&T (up 1.3 per cent), Maruti Suzuki (up 1.2 per cent) and Tata Steel (up 0.9 per cent).
Top losers in the Sensex-30 pack: Axis Bank (down 1.7 per cent), ICICI Bank (down 1.5 per cent), HDFC Bank (down 1.5 per cent), HDFC (down 1.2 per cent) and HUL (down 1 per cent).
The Rupee closed two paise down at 64.94 against the US Dollar.
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