Healthcare, consumer durables stocks help Sensex gain 65 points

Our BureauAgencies Updated - March 12, 2018 at 09:18 PM.

The Sensex and the Nifty ended the session marginally in the green amid mixed European cues. Investors remained cautious ahead of CPI inflation data due to be released today.

The 30-share BSE index Sensex was up 65.17 points at 27,061.04 and the 50-share NSE index Nifty was up 19.8 points at 8,105.50.

Among BSE sectoral indices, healthcare, consumer durables and auto indices were the star-performers and were up 0.74 per cent, 0.72 per cent and 0.64 per cent, respectively. On the other hand, power index fell the most by 1.29 per cent, followed by capital goods 0.81 per cent, realty 0.36 per cent and metal 0.21 per cent.

Cipla, Maruti, Bharti Airtel, ITC and SSLT were the major Sensex gainers, while the major losers were Hindalco, Sun Pharma, Tata Power, NTPC and L&T.

European shares inched higher early on Friday but remained in a tight range, as investors refrained from taking strong bets on indexes ahead of Scotland's referendum and the US Federal Reserve's policy meeting next week.

Investors awaited a meeting of euro-area finance ministers and data on US retail sales and consumer sentiment for clues about the outlook for stimulus and interest rates.

With just a week to go before Scots vote in a referendum on independence, a YouGov poll for The Times and Sun newspapers showed on Friday Scottish support for the union at 52 per cent versus support for independence at 48 per cent, excluding those who said they did not know how they would vote

Asian shares outside Japan fell as investors fretted that even the hint of a shift in Fed policy might spark a withdrawal of funds from emerging markets. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent at one-month lows.

While there was little in the way of major data due in Asia, figures on US retail sales due later Friday could fuel speculation over US rates. Economists expect a solid rebound of 0.6 percent in August, up from a disappointingly flat reading in July and fuelled by a boom in auto sales.

A strong result would only add to speculation the Fed might refine, or even drop, its commitment to keeping rates low for a "considerable time" after its asset purchase programme ends.

Published on September 12, 2014 03:47