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India stocks end mixed as Nifty inches up, Sensex slips
Nifty 50 closed at 24,252.0, while Sensex fell to 77,402.3 as metal and realty led gains, and sugar stocks dropped after duty free raw sugar imports were approved.
Indian equities closed mixed on Friday, with the Nifty 50 slightly higher and the Sensex lower, as a prior relief rally lost momentum, according to LiveMint Markets. The Nifty 50 rose 0.1%, up 20.15 points, to finish at 24,252.0, while the Sensex slipped 0.2%, down 135.39 points, to settle at 77,402.3.
The week also ended with both benchmarks around 0.6% lower after a choppy session. Sector performance was split, with Nifty Metal up 0.9% leading the gainers, followed by Private Bank (+0.5%), Realty (+0.4%), and Financial Services (+0.2%), while FMCG (-0.7%), Auto (-0.6%), Media (-0.5%), and IT (-0.5%) weighed on sentiment.
Sugar stocks fell sharply after the government allowed duty free imports of raw sugar, raising concerns about domestic supply and mill margins. LiveMint Markets also noted foreign investors turned net sellers, while domestic institutions provided some support with steady buying.
Market breadth stayed positive, with 1,859 advances versus 1,602 declines on the NSE and 125 unchanged, translating to an advance decline ratio of about 1.16:1. The article also pointed to higher global bond yields, with the US 30 year yield back near 5.25%, while Brent crude held near $94 per barrel amid continuing Strait of Hormuz disruption risk.
Latest closeWTI crude $82.40 ▲1.4%|Brent $88.59 ▲1.8%|Sugar $16.60 ▼1.3%