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Sensex and Nifty — the benchmark indices of the domestic equity markets — gave up their morning gains to end Friday’s trade marginally higher. The BSE Sensex, which surged over 200 points to a high of 36,389.22 points in the morning hours, closed trade 23.89 points or 0.07% higher at 36,194.30 points. The other headline index, NSE Nifty 50 — which had reclaimed the 10,900-mark in morning trade — closed below that level at 10,876.75 points, up just 18.05 points or 0.17%.

According to market observers, weakness in the rupee and selling pressure in FMCG, metals and financials stocks, capped the morning gains of the equity indices. In addition, caution ahead of the two-day G20 Summit, along with the release of domestic gross domestic product (GDP) data later in the evening, too kept investors on tenterhooks. However, healthy buying in IT, pharma, realty and auto stocks aided the headline indices to end with marginal gains. The broader markets outperformed the benchmark indices, with the BSE midcap index closing with 0.56% and the small index with 0.52% gains.

Among stocks, Vodafone Idea shares slumped over 6% in trade today after ratings agency CRISIL downgraded the ratings of its debt instruments. RCom shares jumped 15% after media reports said the Supreme Court has asked the government to clear RCom’s spectrum sale to Reliance Jio Infocomm. Shares of non-banking financial companies (NBFCs) gained after RBI relaxed rules to sell or securitise their loan books, in a bid to ease persistent stress in the sector. Shares of Tata Motors slipped nearly 4% today after its subsidiary JLR on Thursday said it will reduce workforce at its UK plant.

Emerging market shares fell on Friday, backtracking from an upward trend for the past month as investors took a cautious stance ahead of high-stakes US-China trade talks over the weekend, with most currencies weakening against a firmer dollar, said a Reuters report. Chinese stocks bucked the broader trend, shrugging off data that showed growth in the country’s manufacturing sector stalled for the first time in more than two years, but in thin trading ahead of the G20 Summit.

Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting between U.S. and Chinese presidents Donald Trump and Xi Jinping, said a separate report by Reuters. Europe’s main share indexes in London, Frankfurt and Paris all started their day lower after the latest batch of disappointing Chinese data had made for another twitchy Asian session overnight.