Stock Market: Sensex Rises Marginally By 21 Points, Nifty Holds 18,500 Amid Mixed Global Cues – NewsUnfolded

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Sensex and Nifty, the two key equity benchmarks, on Friday ended in green amid a mixed trend in global markets. The BSE Sensex climbed 21 points (0.03 per cent) to settle at 62,294. During the day, it jumped to 62,447. On the other hand, the broader NSE Nifty gained 29 points (0.15 per cent) to end at 18,512.

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On the 30-share Sensex platform, Reliance, Wipro, Tech Mahindra, Axis Bank, IndusInd Bank, Maruti, Tata Steel, M&M, and LT were among the major winners. On the flip side, Nestle India, Kotak Mahindra Bank, ICICI Bank, Titan, HDFC Bank, and Bajaj Finance were among the losers.

In the broader market, the BSE MidCap and SmallCap indices rallied 0.77 per cent, and 0.67 per cent, respectively. 

All sectors shifted between gains and losses. Sectorwise, the Nifty Realty index added 1.2 per cent, while the Nifty FMCG index fell 0.3 per cent. 

In the previous session on thday, the BSE benchmark climbed 762 points (1.24 per cent) to settle at 62,273, a lifetime high, and the Nifty also gained 217 points (1.19 per cent) to end at 18,484.

Asian markets were mixed, with the MSCI Asia ex-Japan index losing 0.30 per cent as rising Covid infections in China dimmed hopes of reopening the world’s second-largest economy. US markets were shut for Thanksgiving on Thursday, while the dollar slid towards a three-month low.

International oil benchmark Brent crude was trading at 0.20 per cent to $85.51 per barrel.

Meanwhile, the rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency on Friday on broad dollar weakness and improved risk sentiments.

Forex traders said positive domestic equities and foreign fund inflows supported the local unit. At the interbank foreign exchange market, the local unit opened at 81.69 and touched an intra-day high of 81.44 and a low of 81.71 against the greenback.

The local unit finally settled at 81.62, registering a rise of 8 paise over its previous close. On Thursday, the rupee appreciated by 23 paise to close at 81.70 against the US dollar.

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