Sensex Today:Domestic equities snapped their three-day losing streak on Friday, recovering from the blow seen across global equities due to credit rating downgrade of the US by Fitch. The S&P BSE Sensex settled 480.5 points, or 0.74 per cent, higher at 65,721 levels.
The Nifty50, too, reclaimed the 19,500-mark as it shut ahop at 19,517, up 135 points or 0.70 per cent. 30 stocks from the pack ended in the positive zone led by Cipla (up 3.5 per cent), IndusInd Bank, Tech M, Bharti Airtel, Wipro, HCL Tech, Axis Bank, Coal India, HDFC Life, LTI Mindtree, SBI Life, TCS, HDFC Bank, and Reliane Industires.
On the downside, State Bank of India declined 3 per cent, Bajaj Auto (2.5 per cent), BPCL, NTPC, Maruti Suzuki, and Eicher Motors.
In the broader market, the BSE MidCap and SmallCap indices rose in tandem with the frontline indices, rising about 0.65 per cent each.
Among sectors, the Nifty IT index added 1.45 per cent, while the Nifty PSU Bank index fell 0.86 per cent.
Global Cues
Globally, Asia-Pacific markets were mixed on Friday as rising bond yields continue to put pressure on equities. Japan’s Nikkei 225 and South Korea’s Kospi were down 0.08 per cent each, Australia’s ASX dipped 0.045 per cent, while Hong Kong’s Hang Seng surged 1.25 per cent. China’s Shanghai Composite was also half a per cent higher.
Overnight, the S&P 500 fell 0.25 per cent in the US, while the Dow Jones Industrial Average lost 0.19 per cent and the Nasdaq Composite inched down 0.1 per cent.
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