MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

The benchmark indices ended over 0.5 per cent higher led by a rise in the financial stocks and Reliance Industries (RIL).

The S&P BSE Sensex ended at 35,457, up 197 points (0.56 per cent), while the broader Nifty50 index settled at 10,682, up 66 points (0.62 per cent).

Among sectoral indices, the Nifty PSU Bank index settled 2 per cent higher led by Oriental Bank of Commerce and Bank of India.

In the broader markets, the S&P BSE MidCap index ended flat at 14,998, while the S&P BSE SmallCap slipped 0.4 per cent to end at 14,486.

RIL pips TCS to become most-valued firm

Shares of RIL on Friday rose 2.7 per cent to Rs 1,127 on the BSE helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation.

On the BSE, RIL's market capitalisation was at Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.

RUPEE

The rupee traded on a firm note on Friday rising to 71.71 per US dollar in intra-day trade, up from its previous close of 71.98 against the greenback.

GLOBAL MARKETS

Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-US trade standoff were tempered by disappointing results from US chipmaker Nvidia Corp which slugged the tech sector.

Losses in semi-conductor shares dragged Japan’s Nikkei down 0.1 per cent, while Nasdaq futures fell 0.5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan were still up 0.3 per cent, helped by gains in China.

OIL PRICES

Oil prices regained a little composure after their recent drubbing, helped by a decline in US fuel stockpiles and the possibility of a cut in OPEC output.

US crude was trading up 40 cents at $56.86, while Brent crude rose 52 cents to $67.14 a barrel.

(with Reuters input)

3:41 PM

Top sectoral gainers and losers on NSE

3:41 PM

S&P BSE Sensex: Top gainers & losers

3:35 PM

Market at close

The S&P BSE Sensex gained 197 points or 0.56 per cent to end at 35,457 while NSE's Nifty50 index closed above the crucial 10,650 level at 10,682, up 66 points or 0.62 per cent.

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Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,423.55	+163.01	+0.46
S&P BSE SENSEX 50	11,145.95	+54.16	+0.49
S&P BSE SENSEX Next 50	32,095.81	-47.43	-0.15
S&P BSE 100	10,930.47	+42.72	+0.39
S&P BSE Bharat 22 Index	3,460.92	-10.20	-0.29

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