Market Highlights: Sensex recoups losses, ends down by 11 pts, Nifty just shy of 11,200; RIL, HCL Tech gain 4%

Volatility spiked yet again on Friday as domestic markets took cues from global peers and slipped into the red.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices recouped most of the losses and ended flat on Friday. S&P BSE Sensex after following global peers went down as much as 300 points but in the closing hours recovered to end down just 11 points. The 50-stock NSE Nifty ended just shy of the 11,200 mark. HCL Tech and Reliance Industries were the top Sensex gainers jump[ing over 4% each. Tech Mahindra, Sun Pharma, and IndusInd Bank were the other top gainers. It was not the day for bank stocks with Axis Bank, SBI, and ICICI Bank being the worst performers on Sensex. Among sectors, Nifty IT ended in the green while rest all the indices were were in the red. Nifty Metal was down over 2%, followed by banking and finance indices. 

opened in the red on Friday taking cues from global peers but later attempted to stage a recovery. S&P BSE Sensex was down 60 points while the 50-stock Nifty was above the 11,150 mark. Reliance Industries was the top Sensex gainer trading with 4% gains. Banking stocks were seen pulling the index down with Axis Bank, State Bank India, ICICI Bank, and Kotak Mahindra Bank being the worst-performing stock. Onward Technologies was the best performing stock on BSE, up 16% while INEOS Styrolution was the worst performer, down 20%. Among sectoral indices, Nifty Pharma was up 1.38% and was the only sectoral index in the green. Nifty financial services was down 1.55%.

Amid the border row with China, the government of India on Thursday imposed restrictions on public procurement from China and other countries that share a common border with India. The move comes as the Government of India amended the General Financial Rules 2017 to enable the imposition of restrictions on bidders from countries that share a land border with India. The decision has been made on grounds of defence and national security. Any bidder from neighbouring countries will now only be eligible to bid in any procurement if they are registered with the competent authority.

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