NEW DELHI: Headline indices Sensex and Nifty managed to finish Friday's session with mild gains after a seesaw session as speculations about the RBI board meet outcome kept investors at bay.
Weak global cues also weighed on sentiment. Global stocks suffered losses on concerns of China's slowing economic growth after data showed Chinas November retail sales grew at their weakest pace since 2003.
However, a fall in the crude oil prices played ball and market managed to eke out gains in pockets of oil and gas, telecom, power and energy.
The Sensex settled in the green for the fourth successive session at 35,962.93, up 33 points, or 0.09 per cent. Overall, 21 stocks settled with gains in the index as against 10 that suffered losses.
The Nifty advanced by 14 points, or 0.13 per cent, to 10,805.45, with 29 stocks in the green and 21 in the red.
BSE Midcap and Smallcap indices gained 0.19 per cent and 0.03 per cent, respectively.
Let's take a look at highlights of Friday's session.
Sensex movers & shakers
Bharti Airtel jumped over 5 per cent, finishing as the top gainer of the index. It was followed by YES Bank, ONGC, NTPC and Infosys. HDFC, Wipro, Larsen & Toubro, Bajaj Auto and Sun Pharma were among the losers, in that order. Infosys was the top contributor and HDFC the top drag of the index.
Richer & richer
The BSE listed firms cumulatively added over Rs 5.30 lakh crore during the last four sessions of gains. On Friday, investors became richer by Rs 36 thousand crore as the market capitalisation of BSE companies jumped to Rs 1,43,23,734.44 crore, from Rs 1,42,87,542.77 crore on Thursday.
Telecom stocks ring loud
Shares of Bharti Airtel (up 5.32 per cent) and Vodafone Idea (up 3.58 per cent) logged decent gains, a day after the telecom tribunal TDSAT struck down Trai's new rules on predatory pricing saying they lacked required transparency. The BSE Telecom index jumped 3.08 per cent with Reliance Communications (up 2.01 per cent) and Tata Communications (up 0.86 per cent), too, among the big gainers.
Alembic Pharma declines
Shares of Alembic Pharmaceuticals declined 1.95 per cent even as the drug firm on Friday said it has raised Rs 350 crore through allotment of non-convertible debentures (NCDs) on a private placement basis.
Reliance ADAG Group shines on SC clean chit
Shares of Reliance Communications (up 2.01 per cent), Reliance Infrastructure (up 1.76 per cent) and Reliance Capital (up 1.29 per cent) went home with gains after the Supreme Court rejected petitions seeking an investigation into the Rafale fighter jets deal with France's Dassault Aviation, saying there was no evidence of wrongdoing. However, shares of Reliance Power settled flat.
Fortis Healthcare scrip plunges
Shares of Fortis Healthcare suffered a loss of 6.75 per cent to settle at Rs 141.65 on the BSE after the Supreme Court maintained a status quo on the sale of the company to IHH Healthcare.
180 stocks showed potential upside
Momentum indicator moving average convergence divergence, or MACD, showed bullish crossovers at 180 counters on the BSE. Those that showed bullish crossovers included State Bank of India, Jain Irrigation, Canara Bank, DLF, SREI Infrastructure, Reliance Capital and Tata Motors. South Indian Bank, Fortis Healthcare, Cadila Healthcare, Godrej Industries and ARSS Infrastructure featured among the 26 stocks that showed bearish crossovers.
Stocks above their 200-DMA
Ultratech Cement, Oberoi Realty, JSW Energy, GAIL, Ruchira Papers and Voltas featured among stocks that witnessed positive breakouts and traded above 200 DMA today. However, Adani Ports, Manaksia Steels, Carborundum Universal and Fortis Healthcare featured traded below their 200 DMA.
Nifty forms a small white-bodied candle
The Nifty50 index closed a session of rangebound trade on a flat note on Friday. After moving in a range of 63 points, the index formed a small white-bodied candle on the daily chart. Milan Vaishnav, Technical Analyst, Gemstone Equity Research and Advisory said, “Nifty formed a small white-bodied candle on Friday, though this is not a significant formation. The days high offered resistance to the falling trend line, which joins the high 11,760 to the subsequent lower tops.”