Nifty closes higher, but Sensex ends negative
- Author: Zachary Reyes Jun 17, 2017,
Jun 17, 2017, 0:21
The S&P BSE Smallcap index soared to an all-time high of 15,760 to eventually end the day 21 points higher at 15,667 with Stampede (down 20 per cent) being the main drag, followed by Metal Forge (down 14 per cent), Amtek Auto (down 12.28 per cent) and IPC Labs (down 8.08 per cent). It ended each of the previous five weeks higher, its longest gaining streak since late 2014.
Both the BSE and the NSE recorded their second straight weekly fall by losing 205.66 points, or 0.65 per cent, and 80.20 points, or 0.82 per cent, respectively.
Risk appetite got a push after India's exports grew 8.32 per cent to Dollars 24.01 billion in May.
Global crude falling to a 7-month low supported the positive mood. Hong Kong's Hang Seng index slipped 1.6% and South Korea's Kospi index ended down 0.8%.
Other Asian markets rose broadly as the yen weakened, oil prices steadied after two days of losses on supply concerns and the Bank of Japan kept its monetary policy on hold, as widely expected, while upgrading its assessment of private consumption and overseas growth.
Asian stocks were steady on Friday, appearing to take in stride the resumption of the United States technology rout overnight, while the dollar held near a two-week high after solid economic data backed the case for tighter U.S. monetary policy.
Tata Motors DVR, Kotak Mahindra Bank, ACC, UltraTech Cement and Tata Motors were the top gainers on Nifty, while Lupin, Sun Pharma, Cipla, Wipro and Indiabulls Housing Finance were the top losers on the 50-share index.
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