Nifty below 10,900; Sensex flat; pharma, IT outperform

CNBC

Market at Close: Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.

This is fifth consecutive day gain recorded by the indices.
The Sensex was up 23.89 points at 36194.30, while Nifty was up 22.10 points at 10880.80. About 1278 shares have advanced, 1310 shares declined, and 146 shares are unchanged.
Among the sectors pharma and IT space outperformed the other indices with 1-2 percent gain, while bank, infra, metal and energy stocks have underperformed.  
Promoter increased holding in Inox Leisure: Board approved the allotment of 64,00,000 equity shares of face value Rs 10 each to Gujarat Fluorochemicals, the holding company, (the Promoter) at the issue price of Rs 250 per equity share, including a premium of Rs 240 per equity Share, aggregating to Rs 160 crore.
Chambal Fertilisers set up new urea plant: Company shares climbed over 4 percent after the commencement of production at company's Rajasthan plant.
Allahabad Bank to consider fund raising: A meeting of the board of directors of the company is scheduled on December 6 to consider and approve capital infusion of Rs 3054 crore in the bank by the Government of India.
Market Update: Equities have further extended their gains, with the Sensex soaring over 170 points. The Nifty is well above 10,900.
The Sensex is up 173.31 points or 0.48% at 36343.72, and the Nifty up 53.20 points or 0.49% at 10911.90. The market breadth is positive as 893 shares advanced, against a decline of 433 shares, while 61 shares were unchanged.
Market opens: It’s a good start to the December series for Nifty, opening just short of 10,900, while the Sensex is higher by over 130 points. 
Consumption, IT and energy stocks are in the green, while the Nifty Auto index is showing some negative bias. In the broader market, the Nifty Midcap index is up one-third of a percent. 
The Sensex is up 137.19 points or 0.38% at 36307.60, while the Nifty is higher by 34.20 points or 0.31% at 10892.90. The market breadth is positive as 326 shares advanced, against a decline of 122 shares, while 32 shares were unchanged.
Shares of Yes Bank, ITC, Indiabulls Housing and Zee Entertainment are the top gainers, while Tata Motors, NTPC, and Adani Ports lost the most.   
Market at pre-open: Equity benchmarks have made a good start in the pre-opening trade, with the Nifty hitting 10,900. 
The Sensex is up 108.24 points or 0.30% at 36278.65, while the Nifty is higher by 45.30 points or 0.42% at 10904.00.
The rupee has gained 17 paise in opening at 69.67 per US dollar. 
Crude Update: Oil prices slipped on Friday after the United States reported a 10th straight weekly gain in commercial crude reserves amid record output.
Asian markets trade mixed: Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and US presidents in Argentina this weekend for signs of a trade war detente.
SGX Nifty: Trends on SGX Nifty indicate a flat to positive start for the broader index in India, a gain of 30 points or 0.27 percent. Nifty futures were trading around 10,946-level on the Singaporean Exchange.
US markets end slightly lower: Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes.