The headline indices BSE Sensex and Nifty 50 settled over half a per cent higher on Friday as both indices failed to hold on to day’s high levels. During the last hour of the session, Banks, financials and auto stocks declined. The 30-share index Sensex finished trade at 31,642, after falling nearly 450 points from day’s high. Nifty 50, on the other hand, ended the session at 9,251, falling from intraday high of 9,383. The broader markets largely under-performed the frontline indices. S&P BSE MidCap index settled flat at 11,424, while the BSE SmallCap index slipped half a per cent or 49 points to end at 10,639. “Various news flows viz., stake sale by Reliance Industries in its subsidiary Jio Platforms, block deal in HUL, government’s decision to increase the tax on retail fuel etc., influenced the market movements. Hopes of a stimulus package along with exit from lockdown have been supporting the markets.
Nifty50 closed higher at 9251.50 level, +52.45 points, or +0.57 per cent. Nifty Support : 9150 and 9100 Resistance : 9350 and 9450.
