Live India Market Update
1. The BSE Sensex and NSE Nifty snapped their four-day losing streak and closed on a positive note on Friday on account of value-buying in blue-chip stocks and recovery in the rupee amid firm Asian cues.Sensex closed 82.50 points or 0.33 per cent up at 24,934.33, while NSE Nifty settled 33.05 points or 0.44 per cent up at 7,601.35.
2.On the global front, the Asian markets were higher after China suspended its market circuit breaker system and set a firmer midpoint rate for the yuan. The stock markets will eye the earnings season starting next week when Tata Consultancy Services and Infosys report their quarterly results.Gold prices continued its rising streak for a fifth straight day and edged up by Rs 20 to Rs 26,350 per ten grams at the bullion market on Friday.
3. In the 50-share index, Tata Power(up 3.09 per cent), Tata Motors (up 3.01 per cent), Tech Mahindra (up 2.58 per cent), PowerGrid (up 2.53 per cent) and BPCL (up 2.45 per cent) were among the major gainers. On the other hand, Larsen and Toubro (down 2.45 per cent), Cipla (down 2.11 per cent), Bajaj Auto (down 1.99 per cent), Adani Ports (down 1.49 per cent) and Coal India (down 1.35 per cent up) were among the top losers.
4. Out of the 30-share Sensex pack, 17 closed in the green and 13 finished lower. In the Sensex kitty, Tata Motors was the best performer, up 2.99 per cent, followed by Tata Steel that gained 1.44 per cent. Cipla(down 2.61 per cent) and Larsen and Toubro(2.19 per cent) were among the biggest losers.
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