Markets Snap Four-day Losing Streak, Sensex Ends 166 Pts Higher
The Indian equity markets snapped their four-day losing streak and ended the week higher on Friday, July 2 led by advances in index heavyweights including Reliance, ICICI Bank, and SBI.
The frontline S&P BSE Sensex added 166.07 points to close at 52,484.67, while the Nifty-50 index closed at 15,722.20, up by 42.20 points.
In the 30-share pack Sensex, shares of ICICI Bank and Reliance gained over a per cent each, while those of SBI, Titan Company, and HDFC added nearly a per cent each too. The index ended the day with 16 advances and 14 declines.
However, there was no clear direction among the sectors as the IT, Financials, Banks, and Pharma ended among the top gainers, while the Auto, FMCG, Energy, and Metal ended the day's trade in the red.
Among the broader markets, the BSE Smallcap index surged over a per cent each led by advances in Route(+19.23 per cent), Mangalam Cement(+14.08 per cent), and Omaxe(+14.07 per cent). The BSE Midcap ended marginally higher by 11 points on Friday.
However, on the flipside, shares of Tata Steel dipped over two per cent to stand as the top index loser for the day, while those of JSW Steel, Britannia, and Power Grid Corp shed over a per cent each in the markets on Friday.
In the overall stock performance on Friday, nearly 1874 shares advanced, 1279 shares declined, and 120 shares were unchanged.
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