-Indian markets closed higher for the second consecutive day on Friday.
-The indices were supported by the US Federal Reserve’s rate pause which triggered a rise in global equities. All sectoral indices closed higher.
-Nifty settled 0.5% higher at 19,230, while Sensex rose 0.44% to 64,364.
Sector-wise performance
-The top sectoral gainer was Nifty Realty which surged 2.5% today
-Nifty Bank, Financial, Auto, Metal, Media, FMCG and Healthcare surged 0.5-0.7%.
-High-weightage IT stocks rose 0.64%, led by LTIMindtree, Infosys, and Tech Mahindra.
-The small- and mid-caps gained 1.2% and 0.75%, respectively, outperforming the blue chips, aided by strong retail inflows.
-Asian equities edged higher, with the MSCI Asia ex-Japan index rising 1.4%.
Stocks in news
-Container Corporation of India jumped 5% on posting a higher Q2 profit driven by strong logistics demand.
-JK Lakshmi Cement climbed 6%, aided by stronger earnings and capacity addition at its Surat plant
-Lupin jumped over 2% after announcing the launch of a drug used to control seizures, which has an estimated annual sales of $37 million in the U.S.
Rupee
-The Indian rupee ended slightly lower on Friday, as continued local U.S. dollar demand in the absence of substantial inflows weighed on the unit.
The rupee closed at 83.2850 against the U.S. dollar.
