ANL 34.10 Decreased By ▼ -0.15 (-0.44%)
ASC 13.65 Increased By ▲ 0.30 (2.25%)
ASL 23.40 Increased By ▲ 0.80 (3.54%)
AVN 85.60 Increased By ▲ 1.90 (2.27%)
BOP 7.70 No Change ▼ 0.00 (0%)
BYCO 9.44 Increased By ▲ 0.07 (0.75%)
DGKC 111.51 Increased By ▲ 1.31 (1.19%)
EPCL 48.99 Decreased By ▼ -1.90 (-3.73%)
FCCL 22.85 Increased By ▲ 0.09 (0.4%)
FFBL 25.47 Decreased By ▼ -0.23 (-0.89%)
FFL 15.33 Increased By ▲ 0.03 (0.2%)
HASCOL 8.94 Decreased By ▼ -0.06 (-0.67%)
HUBC 78.43 Decreased By ▼ -0.57 (-0.72%)
HUMNL 6.13 Increased By ▲ 0.29 (4.97%)
JSCL 19.14 Increased By ▲ 0.44 (2.35%)
KAPCO 40.50 Increased By ▲ 1.11 (2.82%)
KEL 3.72 Increased By ▲ 0.04 (1.09%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 42.75 Increased By ▲ 0.45 (1.06%)
PAEL 30.90 Decreased By ▼ -0.17 (-0.55%)
PIBTL 9.52 Increased By ▲ 0.07 (0.74%)
POWER 8.61 Increased By ▲ 0.17 (2.01%)
PPL 82.50 Decreased By ▼ -0.80 (-0.96%)
PRL 23.09 Increased By ▲ 0.32 (1.41%)
PTC 9.00 Decreased By ▼ -0.20 (-2.17%)
SILK 1.38 Decreased By ▼ -0.02 (-1.43%)
SNGP 38.90 Increased By ▲ 0.31 (0.8%)
TRG 165.00 Increased By ▲ 1.78 (1.09%)
UNITY 35.80 Increased By ▲ 0.87 (2.49%)
WTL 1.53 Increased By ▲ 0.08 (5.52%)
BR100 4,846 Increased By ▲ 46.43 (0.97%)
BR30 24,817 Increased By ▲ 123.55 (0.5%)
KSE100 45,175 Increased By ▲ 231.06 (0.51%)
KSE30 18,470 Increased By ▲ 86.89 (0.47%)

Coronavirus
VERY HIGH
Pakistan Deaths
18,993
7824hr
Pakistan Cases
861,473
344724hr
Sindh
292,644
Punjab
319,365
Balochistan
23,447
Islamabad
78,200
KPK
124,484
Markets

Indian shares end higher on boost from financials

  • HDFC Bank and a clutch of other financial stocks were the top boost to the NSE Nifty 50 index, which closed 0.68pc higher at 12,859.05 after a more than 1pc drop on Thursday.
20 Nov 2020

BENGALURU: Indian shares bounced back on Friday from a sharp fall in the previous session, taking their cue from an advance in global markets and driven by signs of a faster-than-expected recovery in business activity.

HDFC Bank and a clutch of other financial stocks were the top boost to the NSE Nifty 50 index, which closed 0.68pc higher at 12,859.05 after a more than 1pc drop on Thursday.

The S&P BSE Sensex ended 0.65pc higher at 43,882.25.

The two benchmarks have gained more than 10pc in November, the best month so far this year for inflows from foreign institutional investors, on the back of positive COVID-19 vaccine trial results and a better economic outlook than before.

Barclays on Thursday lifted its fiscal 2022 growth forecast for the Indian economy to 8.5pc from 7pc, while Moody's projected a smaller contraction than earlier for fiscal 2021.

Sectors including banking, autos, real estate and metals have seen much stronger gains than the early winners in the pandemic such as drugs or IT, suggesting investors are betting on a faster business recovery.

Among companies, Reliance Industries, shares in which have doubled since their March lows, fell 3.7pc and extended its loss for the month to 7.5pc.

Gland Pharma shares rose as much as 23pc in their market debut.

World stocks edged higher on Friday as hopes of economic recovery ahead helped offset the blow dealt by news that the U.S. Treasury was ending emergency loan programmes.