“Markets are struggling for a strong direction today as global markets were under massive selling pressure.”
“Markets are struggling for a strong direction today as global markets were under massive selling pressure.”
Benchmark indices ended on a flat note on Friday after facing volatility during the day amid mixed global market trends.
The BSE Sensex closed 36.74 points or 0.06% higher at 58,803.33. During the day it moved to a high of 59,108.66 and a low of 58,558.64.
The NSE Nifty fell 3.35 points or 0.02% to end at 17,539.45.
ITC, HDFC, Larsen & Toubro, Axis Bank, HDFC Bank, NTPC, Kotak Mahindra Bank and State Bank of India were among the gainers from the Sensex pack.
However, Maruti, Reliance Industries, IndusInd Bank, UltraTech Cement, Nestle and Tata Steel were among the laggards.
Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong closed lower, while Shanghai settled in the green.
Stock markets in Europe were trading in the green during mid-session deals. The US markets closed mostly with gains on Thursday.
“Markets are struggling for a firm direction today as global markets were largely under pressure ahead of the release of US jobs data, which could provide insight into upcoming Fed actions.”
Vinod Nair, Head of Research, Geojit Financial Services, said, “Oil prices rose despite expectations of a reduction in output ahead of the OPEC Plus meeting, despite the fact that weak global growth prospects remain a cause for concern.”
Meanwhile, international oil benchmark Brent crude climbed 2.01% to $94.22 a barrel.
Foreign institutional investors (FIIs) offloaded shares worth a net Rs 2,290.31 crore on Thursday, according to exchange data.