Stock market highlights: The Sensex and Nifty snapped a eight day gaining streak on Friday, to end lower amid sell-offs in bluechip stocks. The Sensex closed 222 points down at 38,164.61, while Nifty closed near the 11,450-mark. Shares of Tata Motors ended 2.7% lower at Rs 175.07, while RIL shares closed 2.3% lower at Rs 1,344.25. L&T and Asian Paints were among the top gainers in Sensex.
Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.25 per cent while Japan’s Nikkei gained 0.3 per cent, Reuters reported.
Back home, shares of infra major Larsen & Tuobro will assume focus amid buzz around Mindtree’s hostile takeover. Mindtree shares will also be in focus after the board postponed the decision of buyback. Shares of Indigo will also be in focus, after media reports indicted that the airline has poached 100 pilots from crisis-ridden Jet Airways.