Markets pause four-day record run on profit-booking, muted earnings

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The 50-issue Nifty crossed the 9,900 level for the first time by gaining 21.60 points, or 0.21 per cent, to trade at an all-time high of 9,913.30, within striking distance of 10,000.

At the close, the 30-share benchmark index, BSE Sensex ended flat with a decline of 16.63 points or 0.05% at 32,020.75, 16 components registering drop. while the broad based NSE Nifty closed flat with a decline of 5.35 points or 0.05%, at 9,886.35.28 components registering drop.

Indian shares closed little changed on Friday after a record rally in the last few sessions, as gains in lenders were tempered by a decline in software exporters after Tata Consultancy Services' (TCS) profit miss. The IT sub-index of NSE, Nifty IT fell 1.05 per cent.

"Markets ended with marginal losses on Friday due to profit booking ahead of the weekend".

"Major Asian markets have ended on a positive note, barring the Taiwan index".

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And at the forex market, the rupee had strengthened 11 paise, to 64.43 against the dollar in afternoon deals.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased scrip worth Rs 673.56 crore, while domestic institutional investors (DIIs) divested stocks worth Rs 136.27 crore.

AU Small Finance Bank topped the value chart on the BSE with a turnover of Rs. 4,245.56 million. Later, the Sensex remained strong, and had surged 236 points, or 0.7 percent, to 32,041 a short while ago.

On the other hand, the S&P BSE healthcare index rose by 129.65 points, the oil and gas index by 92.09 points, and the banking index by 79.44 points. Nifty IT slipped as much as 1.05 per cent with shares of TCS (down 1.93 per cent) and Wipro (down 1.53 per cent) being the top losers.

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