Markets@Moneycontrol: Markets end week on a positive note

Randall Padilla
November 25, 2017

At 10.55 am, BSE Sensex trades 99 points, or 0.29% higher, at 33,687 points.

FMCG stock Hindustan Unilever will be in focus as the company is set to reduce prices by 7-10 percent on an average across products such as detergents, cosmetics, deodorants and packaged foods following the reduction in GST from 28 percent to 18 percent. For the whole week, the Sensex jumped 336.44 points, or 1per cent, while the Nifty rallied 106.10 points, or 1.03 per cent.

The broader markets outperformed, with the Nifty Small Cap and Midcap indices rising 0.50 per cent and 0.38 per cent, respectively.

The Nifty PSU index closed 1.26 percent higher after falling as much as 1.13 percent earlier in the day.

Global cues are not any significantly positive.

Market breadth was positive with 1,055 advances against 564 declines.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 416.28 crore, while domestic institutional investors purchased stocks worth Rs 427.63 crore.

On Thursday, the benchmark indices closed in the green for the sixth consecutive session on the back of healthy buying in IT and Teck (technology, media and entertainment) stocks as well as a strong rupee.

On the other hand, the S&P BSE metal index fell by 85.35 points and basic materials index by 8.36 points.

Sensex and Nifty rose slightly on Friday.

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