Share Market Today: Indian stock markets (Sensex and Nifty) ended on a positive note on Friday following the rally in heavyweight shares in the late trade with Sensex rising 147 points and Nifty concluding near 11,600 level. Shares of Jubilant Foodworks, Network 18, Motilal Oswal Financial Services, Aurobindo Pharma, Hero MotoCorp, DCM Shriram, Jindal SAW, Bajaj Auto and Himadri Speciality Chemical were the top gainers among the ‘A’ group of BSE surging 5-8%.
Indian equity markets recoiled in the early afternoon deals on Friday with Sensex and Nifty hovering marginally higher in green as shares of Mukesh Ambani’s Reliance Industries Ltd (RIL) jumped 1% while rupee regained 34 paise vs US dollar. Shares of RIL were the biggest positive points contributors to the benchmark indices and outperformed the declines provided by Sun Pharma and Yes Bank shares. The Indian rupee recovered as much as 34 paise against the US dollar from the day’s bottom of 72.0363 to a day’s high of 71.6963, the Bloomberg data showed.
Indian equity markets fell in negative territory after opening flat on Friday with Sensex diving 175.59 points and Nifty slipping below 11,500 as US-China trade tariff worries renewed. Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region.