Indian Markets close Friday with moderate gains - AXIS DIRECT

After opening marginally higher the markets witnessed voltality and moved lower in early trade; the indices moved higher in the morning session only to pare the gains by the noon session. However, the markets managed to recoup some losses and closed the day with moderate gains. Among the sectoral indices Consumer Durables, Capital Goods & Auto witnessed buying while Realty witnessed selling pressure. In the Sensex stocks Maruti (4.98%), Jindal Steel (2.87%) & Bajaj Auto (2.63%) were the gainers while Bharti Airtel (3.89%), Dr Reddy's (1.44%) and ITC (1.42%) were among the losers. The Sensex gained 57 points or 0.30% to close at 18,919 and the Nifty gained 27 points or 0.47% to close at 5,720.

Total traded turnover stood at Rs 135,105 cr. In equities FIIs were net buyers (Rs 627 cr) while DIIs were net sellers of (Rs 46 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 263 cr) while they were net buyers in Index Options (Rs 493 cr) Stock Options (Rs 244 cr) Stock Futures (Rs 570 cr).

The US markets ended higher after markets opened lower on weak economic data from Europe & Asia, but recovered after report showed that US manufacturing activity expanded fastest in 20 months. The Dow Jones gained 35 points or 0.25% to close at 14,090 and the NASDAQ gained 10 points or 0.30% to close at 3,170.

The Asian markets are trading mixed. Nikkei is currently trading higher by 0.61% while Hang Seng is trading lower by 1.12%. Asian markets eased in early trade with sentiment hurt by a patchy global growth outlook and weak data from Europe, but the fall however was limited as robust U.S. economic figures overshadowed worries about automatic spending cuts hurting the U.S. economy. Indian indices are also expected to open marginally lower and global cues will be monitored closely for further direction.

Source : Equity Bulls

Keywords