Foreign fund inflows, healthy macros lift indices

MUMBAI: Recommencement of foreign fund inflows along with expectations of healthy macro-economic data points and accelerated economic recovery aided India's key equity indices — S&P BSE Sensex and NSE Nifty50 — to break a three-day losing streak on Friday.

The FIIs bought Rs 511.10 crore on the BSE, the NSE and the MSEI in the capital market segment during the day's tarde. Initially, the market had a gap-up opening and sustained the upmove.

Globally, Asian share prices advanced on Friday after Wall Street benchmarks managed to close mostly higher on the previous day.

However, European shares were largely muted on Friday, continuing to search for direction as global investors assess recent high inflation prints and corporate earnings, but were on course to mark their sixth straight weekly gain. In terms of domestic market, realty, power, capital goods, telecom and IT indices gained the most, whereas there were no sectoral losers. Consequently, the 30-scrip Sensex closed at 60,686.69 points, up 767 points or 1.28 per cent from its previous close. Similarly, the NSE Nifty50 ended the day's trade on a higher note, gaining to 18,102.75 points, down by 229.15 points or 1.28 per cent from its previous close.

"Nifty rose smartly on November 12 after a three day fall. However the broad er market is lagging going by the negative advance decline ratio and low vol umes," said Deepak Jasani, Head of Retail Research, HDFC Securities. (IANS)

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