Sensex and Nifty recovered from losses and closed with good gains on Friday
Updated on 4 Aug 2017
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Sensex and Nifty recovered from losses and closed with good gains on Friday
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Despite trading in the negative zone for most part of the session, the domestic equity indices on Friday managed to settle in the positive note on fag-end buying in banking, auto and IT stocks.

The 30-share pack opened the day at 32,191.12 and touched an intraday high and low of 32,352.19 and 32,107.99 respectively.
The National Stock Exchange or NSE ended the day at 10,066.40, up 0.53 per cent ot 52.75 points.

The S&P BSE Sensex ended at 32,325.41, up 87 points or 0.27 per cent with shares of Tata Steel (up 3.57 per cent), Hero MotoCorp (up 3.05 per cent), Coal India (up 3.04 per cent) and NTPC (up 2.96 per cent) being the top gainers on the index.

BSE Midcap index gained 101 points or 0.66 per cent to end at 15,436.95 with shares of HPCLBSE 8.65 %, Mahindra & Mahindra, Glaxo and Bajaj Finserv surging up to 8 per cent.

Smallcap stocks such as MEP (up 11.58 per cent), Unitech (up 9.88 per cent), IVRCL Infra (up 9.53 per cent) and Triveni (up 9.28 per cent) caused the BSE Smallcap index to gain 15 points or 0.10 per cent at 15,926.63.

Barring Nifty Pharma index (down 0.86 per cent) all sectoral indices ended the day in green.
Among specific stocks, shares of shares of Titan Company jumped 9.49 per cent after the Tata group firm reported a 96.84 per cent year-on-year (YoY) increase in consolidated net profit at Rs 237.97 crore for the June quarter, thanks to robust sales reported by jewellery business.

Looking at Q1 results, FMCG major Dabur reported 10 per cent year-on-year (YoY) fall in consolidated net profit at Rs 264.86 crore for the quarter ended June 30, 2017 against Rs 293.64 crore in the corresponding quarter last year.
Globally, China's bluechip CSI300 index lost 0.5 per cent, to 3,707.58, while the Shanghai Composite Index fell 0.3 per cent to 3,262.08 marking its seventh straight week of gains, aided by the continued robust performance of resources firms, Reuters reported.

European shares also inched lower with STOXX 600 index shedding 0.1 per cent to end the week flat after two straight weeks of losses, while euro zone blue chips fell 0.2 per cent.