NEW DELHI: Benchmark indices climbed higher on Friday, continuing their recovery from the sell-off early in the week. However, gains were capped due to subdued trading in the global markets.
Auto stocks were under pressure but banks and FMCG names lifted the indices. Market attention was also on the listing of
that saw massive investor interest. Rs 9,198.04 crore worth of Zomato stocks were traded during the day.
The 30-share pack Sensex advanced 138.59 points or 0.26 per cent to close at 52,975.80. Its broader peer NSE Nifty climbed 32 points or 0.20 per cent to 15,856.05.
“Earnings season continued to pump in optimism in India & global markets while the Fed is set to deliberate their easy-money policy in the meeting ahead. Attractive IPOs, Banking and realty stocks attracted domestic buyers while mid and small-cap traded mixed,” said Vinod Nair, Head Of Research at .
Market at a glance:
- Mphasis surges 5 per cent after strong June quarter show
- ITC sees traction ahead of Q1 earnings, gains 3 per cent
- Mahindra Lifespaces rallies 8 per cent ahead of bonus issue buzz
- Zomato soars 66 per cent over issue price on debut day
- India VIX, a barometer of volatility, slides further 1 per cent
MORE TO COME…
