Gains drive market to end high; Auto Index led gains
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
The S&P BSE Sensex index fell as much as – 163.21 points or ( 0.44 per cent) to 37,221.78, and the broader NSE Nifty benchmark moved to as low as 10,026.95, down – 49.40 points (0.45 per cent) from the previous close.
The energy sector, banking, and auto shares dragged the markets lower, however, gains in information technology and pharmaceutical stocks limited the downside.
Advertisement
The government last Saturday announced measures aimed at pushing exports and affordable housing, including Rs. 10,000 crore special window for affordable housing to revive stalled projects. Experts awaited the release of wholesale inflation Wholesale Price Index (WPI) data due during market hours for more clarity on the price changes and monetary policy going forward.
Advertisement
On Friday, the Sensex and Nifty had ended 0.76 per cent and 0.85 per cent higher, clocking a gain of 1.09 per cent and 1.18 per cent respectively for the holiday-shortened week.
Advertisement
