Sensex signs off week with gains after GST rate freeze

Hindustan Unilever, Housing & Urban Development Corporation, Indian Hume Pipe Company, ITC, J.Kumar Infraprojects, Kalyani Steels, Lakshmi Finance & Industrial Corporation, Manpasand Beverages, Minda Industries, Mirza International, Motherson Sumi Systems, Muthoot Capital Services, Petronet LNG and Talbros Automotive Components were among 32 stocks that touched their 52-week high on Friday on NSE as Nifty finished a shade lower.

The 30-scrip Sensitive Index (Sensex) of the BSE shed 252.29 points or 0.82 per cent to provisionally close at 30,406.48 points (at 3.30 p.m.).

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,525.75 points, was quoting at 9.464.80 points, down by 60.95 points or 0.64 per cent.

FMCG stocks hogged the limelight after the GST Council fixed rates for most of the items. In the Eurozone, Paris CAC was up 0.78 per cent, while Frankfurt's DAX 40 rose 0.42 per cent in early deals.

The BSE Mid-Cap index was up 0.56 percent while the Small-Cap index rose 0.89 percent. Late Thursday, the state-owned lender announced a net profit of 1.55 billion rupees ($24 million) for the quarter ended Mar.31 against a loss of 32.3 billion rupees a year earlier. London's FTSE rose 0.52 per cent. Domestic institutional investors (DIIs) bought shares worth a net Rs. 897.96 crore.

On Wednesday, the gauge had closed at a fresh lifetime peak of 30,658.77 after climbing to a new intra-day record- high of 30,692.45.

Major gainers were ITC 5.02 per cent, HUL 2.38 per cent, SBI 1.83 per cent, Bharti Airtel 1.66 per cent, Power Grid 1.51 per cent, Axis Bank 1.47 per cent, Coal India 1.46 per cent and NTPC 1.17 per cent.

BSE 100 index would see Bajaj Finserv, Petronet LNG, Piramal Enterprises, Shree Cement, MRF, Container Corp Of India, Pidilite Industries, Havells India, Bharat Electronics, Apollo Hospitals Enterprise and IDFC Bank coming in.