The stock markets displayed volatile movements on Friday. The Sensex moved up in the opening session, surrendered gains later only to bounce back again in late deals.
The Sensex moved in a range of 17,497.36 and 17,315.52 before closing at 17,434.94, showing a net gain of 81.40 points from previous close of 17,353.54. At the day’s high, it was up by 143.82 points.
The 50-issue Nifty of the National Stock Exchange inched up 42.45 points to 5,157.70 from last close.
Capital goods segment continued to attract good buying support on a healthy infrastructure growth number announced yesterday. Banking stocks also gave support to the market. Asian markets exhibited positive trend this morning following smart rally on Wal l Street yesterday.
FIIs were net buyers to the tune of Rs 706.88 crore as per provisional figures and also picked up shares worth Rs 524.05 crore in derivatives on the same day. But concern over the inflation data to be released at noon today forced operators and retail i nvestors to book profits at higher levels. - PTI
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