Indian shares ended higher on Friday, although the indexes ended marginally down for the week, with corporate earnings bringing positivity into an otherwise lacklustre market.

The 30-share BSE index Sensex ended higher by 92.72 points or 0.33 per cent at 27,803.24 and the 50-share NSE index Nifty closed up 31.1 points or 0.37 per cent at 8,541.20.

Barring IT, all other BSE sectoral indices ended higher. Among them, infrastructure index gained the most by 1.76 per cent, power 1.41 per cent, metal 1.34 per cent and capital goods 1.01 per cent, while IT index was down 0.26 per cent.

Top five Sensex gainers were Tata Motors (+3.21%), Power Grid (+2.52%), HDFC (+1.78%), L&T (+1.14%) and NTPC (+1.1%), while the major losers were Bajaj Auto (-1.6%), SBI (-0.95%), Coal India (-0.83%), HUL (-0.8%) and Sun Pharma (-0.78%).

Global markets

Broader sentiment was also subdued after Wall Street cooled off on Thursday as disappointing quarterly reports from Intel Corp and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.

“There is a concern which is now coming back into PSU banks, people are worried about their asset quality. That is why investors are getting cautious and booking profits there,” said Neeraj Dewan, director at Quantum Securities.

The Nifty Bank index and the Nifty Private Bank index fell as much as 0.66 per cent and 0.51 per cent, respectively, after earnings from HDFC Bank and Kotak Mahindra Bank on Thursday raised concerns about bad loan ratios in the sector.

Some amount of profit-taking and shuffling was taking place since there had not been a major correction in the market, Dewan added.

A report by SMC Global said: " Asian stocks fell after Bank of Japan chief Haruhiko Kuroda dashed hopes for so-called helicopter money, triggering the yen's steepest rally in a month and weakening the outlook for exporters in Tokyo. US stocks closed lower Thursday, snapping the Dow's nine-day winning streak, as oil prices weighed and the market consolidated ahead of next week's Fed meeting. After reporting an unexpected decline in the previous month, the Conference Board released a report on Thursday showing a rebound by its index of leading US economic indicators in the month of June. The Conference Board said its leading economic index rose by 0.3 per cent in June after edging down by 0.2 per cent in May. The increase by the index matched economist estimates."

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