Sensex, Nifty End Choppy Session Higher
(RTTNews) - Indian shares ended a choppy session higher on Friday, led by FMCG and auto stocks.
With focus remaining on the earnings season as well as macro data out later in the day, investors shrugged off weakness in rupee and further uptrend in oil prices.
The benchmark 30-share BSE Sensex fluctuated before ending the session higher by 160.10 points or 0.41 percent at 38,767.11.
The broader 50-share Nifty index ended up by 46.75 points or 0.40 percent at 11,643.45.
Cipla, Zee Entertainment Enterprises, Maruti Suzuki, GAIL and ITC rallied 2-4 percent in the Nifty pack, while Bajaj Finance, Tata Motors, Larsen & Toubro, IOC and Indiabulls Housing Finance dropped 1-2 percent.
On a weekly basis, both the Sensex and Nifty dipped around 0.2 percent.
Globally, Asian stocks ended mostly higher as positive U.S. data and optimism over a potential U.S.-China trade deal helped offset growth worries to some extent.
European markets advanced in early trade, as investors took mixed trade data from China in their stride and looked ahead to the start of the U.S. corporate earnings season.
Financial giants JP Morgan Chase & Co (JP Morgan) and Wells Fargo & Co are set to report their financial results before the market open today, while Citigroup Inc (Citigroup) and Goldman Sachs Group Inc (Goldman Sachs) will report their earnings results on Monday.