Mumbai, Sep 4: Indian equity markets ended higher on Friday, with the Nifty 50 gaining 24.25 points, or 0.10 per cent, to close at 23,897.70, while the BSE Sensex rose 362.57 points, or 0.48 per cent, to close at 76,515.43.
Market gains came as concerns over an imminent US Federal Reserve rate hike eased. However, profit booking at higher levels and continued geopolitical tensions in the Middle East limited the upside.
Among sectoral indices on the NSE, Nifty Metal was the biggest gainer, rising 1.27 per cent by closing. Other major indices remained under pressure. Nifty FMCG lost 0.07 per cent, Nifty IT declined 0.50 per cent, Nifty Pharma fell 0.68 per cent, Nifty PSU Bank declined 0.26 per cent and Nifty Realty lost 0.98 per cent.
SBI Life, Tata Steel and HDFC Life were among the top gainers in the Nifty list, while HCL Tech, Maruti, Max Health and Bharti Airtel were among the top losers.
In commodities, Brent crude oil prices continued to remain high and were trading at USD 95 per barrel at the time of reporting. Gold prices on Friday declined marginally by 0.47 per cent and were trading at Rs 1,55,045 per 10 grams for 24 karat, while silver prices were trading at Rs 2,40,890 per kg at the time of filing this report.
Other Asian markets also ended higher on Friday. Japan’s Nikkei225 index gained 1.30 per cent to close at 65,057, Singapore’s Straits Times rose 1.05 per cent to close at 5,801, Hong Kong’s Hang Seng index gained 1.73 per cent to 25,656, Taiwan’s weighted index rose 1.49 per cent to 46,551, while South Korea’s KOSPI index gained 1.61 per cent to 6,687.
