Energy & Automobile stocks push domestic indices higher

For the second straight weekly gain on Friday, domestic indices moved higher led by automobile and energy stocks as investors were attracted towards risky assets due to fall in US treasury yields.

NSE’s Nifty50 index advanced 0.28 per cent to 17,786.80 at close, BSE’s Sensex ended 0.34 per cent higher to 59,959.85.

Nifty Midcap 100 ended lower by over 0.5 per cent. However the gainers were Maruti Suzuki, RIL, Apollo Hospital, NTPC and Hero Moforcorp.

Shares of IDBI Bank ended lower by over 1 per cent at Rs 44.45 per share after the disinvestment in the lender got delayed with the date to submit queries was extended to November 10 to form the earlier deadline of October 28.

Shares of beauty and fashion start up ended lower by over 6 per cent at Rs 983.55 per share. 

Shares of Tata Chemicals ended lower at Rs 1131.95, falling 5 per cent after the company’s quarterly results.

Shares of pesticides company Dhanuka Agritech, however gained 6 per cent to Rs 722.6 per share after the company said it shall deliberate on the share buyback.

  

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