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MARKET WRAP: Infy ends 2% higher ahead of Q1 results; Sensex ends flat

SI Reporter/New Delhi 13 Jul 18 | 08:15 AM

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The benchmark indices pared their day's gains to end flat on Friday.

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The S&P BSE Sensex ended at 36,542, down 7 points. The index had hit a fresh all-time high of 36,740.07 in intra-day deals earlier today tracking global markets ahead of information technology (IT) heavyweight Infosys June quarter earnings later in the day. The broader Nifty50 index settled at 11,019, down 4 points.

The IT major, Infosys settled 2.2% higher at Rs 1,323 on the National Stock Exchange.

Among sectoral indices, the Nifty PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.

GLOBAL MARKETS

Asian shares extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-US trade tensions have tempered exuberance.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 per cent, adding to a 0.6 per cent rise on Thursday, after US stocks ended the day higher. Japan's Nikkei stock index was 1.9 per cent higher. The index hit a two-and-a-half-week high Friday supported by weakness in the yen, and as index-heavy stock Fast Retailing jumped after posting strong third-quarter results.

(with Reuters inputs)

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Sensex

Company Price Gain (%)
St Bk of India259.252.98
Sun Pharma.Inds.548.802.97
Axis Bank538.052.86
ICICI Bank266.302.70
Tata Steel532.502.54

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