Indian equity markets ended a volatile session on a positive note this Friday therefore investors preferred to buy technology stocks amid optimism that the weak rupee would upgrade profitability going ahead.
The 30-share Sensex rose 54.95 points to vicinity at 18,774.24 and the 50-share Nifty gained 11.75 points at 5,667.65 levels. The benchmark indices fell most on Thursday in nearly 21-months.
Reserve Bank of India Deputy Governor H R Khan said on Friday all steps to address the rupee’s fall were being taken, and both the government and the central bank were watching the currency situation, clickhere to television channels.Back home, the key sectoral losers included banks, real-estate, metals occasion IT, auto and power indices gained on the BSE.Bank stocks declined on worries that the rising rupee would force the Standby Dike of India to defer reduction in key method rate going forward.In the financial segment, ICICI Bank was woolly 0.2% while SBI fell 0.3%.Among the mining stocks, Sterlite and Hindalco Industries were both down between 1-4% while Jindal Steel shed 8% today.The gainers included counters such as TCS rising 1.3%, Infosys gained 2.2%, ONGC was up 2.6% on the BSE.The key notable movers included counters such as, Future Retail slumped 33% to Rs 98.60 on NSE succedent the stock turn ex-scheme of arrangement today.Hindustan Unilever (HUL) dropped 0.4 per cent post hoc Unilever Plc’s $5.4 billion (approximately Rs 29,380 crore) open offer to increase stake in its Indian arm began today. The open suggest will meet on July 4.Jindal Brew and Power Limited (JSPL) tanked 8% to Rs 204, its lowest value since April 2009 since the worldwide investment bank UBS downgraded the stock to “Sell” and reduced its target price to Rs 230 from Rs 290.

The broader markets ended lower upon mid-caps and small-caps falling 0.3-1 per cent on the BSE.
The market breadth was negative. Out of 2,462 stocks traded so far, 1,342 stocks declined bit 981 advanced on the BSE.
Global investor sentiments remained uptight postscript Federal Reserve Chairman Ben Bernanke hinted towards tapering off the bond-buying programme popularly known thus ‘quantitative easing’ sooner-than-expected momentaneous US economy shows sustainable signs of recovery.The Fed may trim its monthly bond purchases toward $20 billion to $65 billion in September, a Bloomberg survey showed.Globally, Asian stocks ended mixed amid looming uncertainty over the Federal Reserve’s bond-buying plans.The Nikkei rose 1.6% to 13,230, Singapore Straits Times declined 0.3% to 3,124, Hong Kong’s Tack Seng declined 0.6% to 20,263 while China’s Shanghai Compound index was down 0.5% at 2,073.European stocks, US equity-index futures moreover metals rallied after the biggest riot in global equities since September 2011.France’s CAC gained 1% to 3,734, Germany’s DAX blush 0.5% to 7,965 while UK’s FTSE was up 1% to 6,221 today.Meanwhile, Rupee recovered today after diving to a record low of 59.9850 to the dollar on Thursday, following a hawkish US Fedstatement. The currency traded at 59.22/USD versus yesterday’s close of 59.58.