Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty opened flat with a negative bias but soon recouped and moved higher. S&P BSE Sensex was trading in the green, up over 150 points while the Nifty 50 regained 11,700 mark. HCL Technologies was up over 2% followed by ONGC and Nestle. Power Grid, Maruti Suzuki India, and Kotak Mahindra Bank were the top drags but none of them was down over 1%. Midcap and smallcap indices were outperforming the benchmark on BSE as well as NSE. Among Asian peers, Shanghai Composite was trading with marginal gains on Friday morning while Hang Seng was down with losses along with KOSPI, KOSDAQ, TOPIX, and Nikkei 225.
Core sector output contracted for the seventh month straight, but only by 0.8% in September. In the month of August the eight core industries’ output had contracted by 7.3%. Economists say this is a sign of recovery after strict lockdown measures were eased. Coal, electricity, and steel are believed to have helped trim the contraction. “The core sector data reflects the fact that further economic contraction seems to have been arrested to a large extent, and that economic activity may pick up gradually,” said Joseph Thomas, Head of Research – Emkay Wealth Management. During the month, crude oil, natural gas, refinery products, fertiliser and cement recorded negative growth.