Sensex, Nifty End Modestly Higher After Fag-end Buying
(RTTNews) - Indian shares reversed course to end slightly higher on Friday despite weak cues from Asian and European markets.
A cautious undertone prevailed as hawkish comments from Fed, ECB and BoE officials dented hopes that interest rate hikes are finished.
Waning concerns over the Israel-Hamas war and optimism about India's growth story helped domestic markets buck the weak global trend.
The benchmark S&P BSE Sensex ended the session up 72.48 points, or 0.11 percent, at 64,904.68 after fag-end buying.
The broader NSE Nifty index settled 30.05 points, or 0.15 percent, lower at 19,425.35.
UltraTech Cement, Tech Mahindra, Tata Consumer Products, ONGC and NTPC rose 1-2 percent in the Nifty pack, while automakers Hero MotoCorp and Mahindra & Mahindra both fell around 2 percent.
Suven Pharma jumped 4.2 percent after reporting a 10 percent rise in Q2 net profit. Cartrade Tech hit the 20 percent circuit limit to reach a 52-week high on robust Q2 earnings.
U.S. Business Inventories Rise In Line With Estimates In June
U.S. Consumer Sentiment Unexpectedly Deteriorates In August
U.S. Industrial Production Pulls Back Slightly In July
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August
U.S. Consumer Sentiment Index Unexpectedly Decreases In August
U.S. Import Price Growth Exceeds Estimates In July
U.S. Retail Sales Climb 0.5% In July, In Line With Estimates
