A healthy buying of select auto, technology and bank stocks helped benchmark indices settle in the green on Friday.
The S&P BSE Sensex closed 127 points, or 0.31 percent higher at 40,686 levels, while the NSE Nifty closed at 11,930, 34 points higher, or 0.28 percent. The volatility index, India Vix, fell more than 3.5 percent to levels of 21.82.
On a weekly basis, Sensex gained 1.75 percent, while Nifty added 1.42 percent.
Automaker Maruti (more than 4%) finished as the top winner at Sensex, while UltraTech Cement (more than 2%) lost the most.
The market as a whole continued to outperform top-tier indices. The S&P BSE MidCap Index gained 0.59 percent, while the S&P BSE SmallCap Index rose 0.7 percent to 15,135 levels.
Among industry indices, Nifty Auto gained nearly 3 percent to 8,095 levels.
Global markets
Global stocks barely moved on Friday as investors adjusted their positions with less than two weeks before the US presidential election and waited for a breakthrough in stimulus talks in Washington.
Stocks in Asia barely moved, with MSCI’s broader Asia-Pacific stock index outside of Japan flat, while Japan’s Nikkei was up 0.2 percent.
Mainland China’s CSI300 Index also rose 0.2 percent.
In commodities, oil stabilized near $ 42 a barrel, heading for its first weekly drop in three, as rising coronavirus cases in the United States and Europe raises concerns about demand and rising demand. Libyan production.
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