Closing Bell: Sensex ends the week with a gain of 181 pts, Nifty above 10,700.
Buying counters were buzzing in the last couple of hours for the market, helping them not only recover from low points, but also end the week on a strong note.
Except IT names, investors bought across sectors, with maximum gains seen among metals, energy and banks, among others. The Nifty Midcap index ended higher too.
At the close of market hours, the Sensex was up 181.39 points or 0.51% at 35695.10, and the Nifty up 55.10 points or 0.52% at 10727.40. The market breadth was narrow as 1322 shares have advanced, against a decline of 1255 shares, and 159 shares are unchanged.
Yes Bank, Vedanta, and Bharti Infratel gained the most, while Infosys, TCS, HCL Tech and Tech Mahindra were the top losers.
HEADLINES OF THE DAY
Aviation industry continues to face turbulence, fall in oil prices likely to offer respite
NHPC said Dulhasti Power Station (390 MW) in Jammu & Kashmir has been under complete shutdown w.e.f. 03.01.2019 to 12.01.2019 (tentative) for the work of 'replacement of By-Pass Line valves of MIV'.
Manappuram Finance has made interest payment due on January 1, 2019.
Chinese Central Bank cut bank's reserve requirement ratio by 100 bps.
European shares traded higher following news that the US and China will hold trade talks next week.
The crucial resistance for Nifty spot is now seen at 10860 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10480.
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