Friday 7 February 2014

Nifty ends above 6050; Metals, Pharma lead

The Indian equity market registered their third consecutive day of gains on Friday as the Nifty closed comfortably above the 6050 levels amid positive cues from the overseas equity markets. Japan's Nikkei jumped 2.12%, its biggest daily percentage rise since January 29 while Singapore's Straits Times was up 0.8% and Hong Kong's Hang Seng gained 1%.

Coming back to domestic action, barring the FMCG, IT and the consumer durables indices, all the other BSE sectoral indices ended in the green. The broader indices were in demand too, in-fact, the BSE Mid-Cap index yet again outperformed the benchmark indices. However, the BSE Small-Cap index gained by 0.35%. 

However, market players remained jittery ahead of the crucial US jobs report and revised GDP data for 2013/14 fiscal year, to be released post market hours on Friday. 

Finally, the BSE Sensex gained 65 points to close at 20376 while the NSE Nifty close at 6063 up 27 points as compared to previous close.

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