The owner of IndiGo Airlines, InterGlobe Aviation Ltd, fell 5.82% in the NSE after the company has expressed interest in buying business abroad from Air India.
Sensex closed 64.09 points before implementing midnight GST
The benchmark index of the Bombay Sensex Stock ended 64 points for 30 921.61 Friday overcoming the losses caused by a sense of caution in the market before the introduction of the goods and services tax at midnight.
Asian markets weak after losses on Wall Street overnight also hurt investors’ confidence in early trading, before the Sensex only recovers from that mint.
The Nifty National Stock ended 16.80 points, after touching a minimum of 9,448.75 in the morning operations.
“There is a kind of profit-reserve and lateral consolidation in the market, so most areas are volatile,” said Siddharth Sedani, Head, and Vice-President, in the view of equity Anand Rathi.
However, the BSE index fell 1.03% in the week and 1.04% in the month, while the NSE registered a monthly decrease of 1.4%.
ITC won most of Sensex Friday, ending 12.20 points Rs 323.60 per share. The four winners were Sun Pharma Laboratories, Cipla, Tata Steel and Dr. Reddy.
The top five BSE losers were Tata Motors (DVR), MotoCorp hero, ICICI Bank, HDFC Bank and Reliance Industries of Mukesh Ambani.
At Nifty, the top five winners were Baroda Bank, ITC, Sun Pharma, Cipla and Bharat Petroleum. Five stocks fell most were Tata Motors (DVR), Indiabulls Housing Financing, Tech Mahindra, Eicher Motors and Tata Power.
The owner of IndiGo Airlines, InterGlobe Aviation Ltd, fell 5.82% in the NSE after falling 2.2% on Thursday as the company has expressed interest in buying the international operations of Air India, which is privatized by the government.
Other Asian markets had a particularly bad day, with four major indices ending five red, CNN Money reported.
The Japanese Nikkei fell 186.87 points, the Hong Kong Hang Seng 200 points or 0.77% and the Taiwan TSEC 50 to 26.58 points. Only the SE Shanghai Corporate Index rose slightly to close 4.36 points 3192.43.