Nifty managed to close higher for the sixth consecutive session on Friday, September 8, despite a cautious global market. The benchmarks recorded their second straight week of gains and posted their best week since the week ending June 30, gaining nearly 2 per cent, each.
Stocks stabilised after a near week of easing, with the MSCI All Country stock index flat. Sensex remained in the green for the entire session on Friday despite weakness in the global market.
US stock futures, dollar and Treasury yields slipped amid expectations that the Fed will keep interest rates unchanged in its September meet. Top European markets, including the UK's FTSE, France's CAC and Germany's DAX traded with significant losses when the Sensex closed.
Sensex closed 333 points, or 0.50 per cent, higher at 66,598.91 while the Nifty closed the day at 19,819.95, up 93 points, or 0.47 per cent. The BSE Midcap index closed with a strong gain of 0.92 per cent at 32,672 after hitting its fresh record high of 32,692.74 during the session.
The BSE Smallcap index also hit its fresh record high of 38,369.21 during the session but ended at 38,266.53, up 0.43 per cent. Top gainers: NTPC (6.20%), Tata Motors (2.02%), Larsen & Toubro (1.93%), Bajaj Finserv (1.42%), and Bharti Airtel (1.02%) Top losers: UltraTech Cement (-0.79%), ITC (-0.71%), Wipro (-0.58%), Tech Mahindra (-0.54%), and Tata Steel (-0.46%) Top gainers: NTPC (2.73%), Coal India (2.75%), Bharat Petroleum Corp Ltd (2.06%), Tata Motors (1.96%), and Larsen & Toubro (1.88%) Top losers: UPL (-1.03%), Eicher Motors (-0.90%), Apollo Hospitals (-0.82%), UltraTech Cement (-0.77%), SBI Life Insurance (-0.75%) THIS COPY IS BEING UPDATEDGet the best recommendations on Stocks, Mutual Funds and more based on
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