The Sensex and Nifty fell about 0.8 per cent at the end of the session on Friday owing to heavy selling in realty, power, metal and PSU stocks.

The 30-share BSE index Sensex was down 153.17 points (0.79 per cent) at 19,164.02 and the 50-share NSE index Nifty was down 49.95 points (0.87 per cent) at 5,677.90.

Among BSE sectoral indices, realty, power and metal indices were the worst-hit and were down 4.01 per cent, 3.77 per cent and 3.65 per cent respectively, followed by PSU 2.64 per cent and capital goods 1.55 per cent.

On the other hand, consumer durables stocks gained the most and were up 5.38 per cent, followed by IT 0.96 per cent, TECk 0.55 per cent and oil & gas 0.08 per cent.

Among 30-share Sensex, TCS, Infosys, RIL, Wipro and Tata Motors were the top five gainers, while the top five losers wer Jindal Steel, Coal India, Tata Power, Sterlite and Tata Steel.

European stocks were up, extending a nine-week high, as companies from Allianz SE to Axa SA reported earnings that beat estimates and investors awaited US payrolls data.

Stoxx 50 was up 4.38 points or 0.16 per cent at 2,813.02, FTSE 100 was down 9.89 points or 0.15 per cent at 6,672.09 and DAX was up 5.91 points or 0.07 per cent at 8,416.64.

Asian shares rose, paring the regional benchmark index’s first weekly drop since June, after encouraging US manufacturing data and a pledge to easy monetary policy by the European central banks and the Federal Reserve drove the Wall Street to record highs overnight.

In the Asian trade, Nikkei surged 460.39 points or 3.29 per cent to 14,466.20, Hang Seng rose 70.05 points or 0.32 per cent to 22,158.80 and S&P/ASX 200 climbed 55.27 points or 1.09 per cent to 5,116.76.

According to reports, factory output from the US to China and Europe expanded in July, while American jobless claims fell to a five-year low.

The data came as European Central Bank President Mario Draghi said that the interest rates will probably remain low for an extended period and after the Federal Reserve retained its $85 billion-a-month bond buying programme.

The Institute for Supply Management’s US factory index increased to 55.4, the strongest since June 2011, from 50.9 in the prior month. Labor Department data to be released today is likely to show that US employers added 185,000 people to payrolls in July.

The Dow Jones index had ended higher by 0.8 per cent and S&P 500 rose 1.3 per cent to end above 1,700 for the first time ever.

(This article was published on August 2, 2013)
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