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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,065
2324hr
Pakistan Cases
1,353,479
7,67824hr
Sindh
516,874
Punjab
458,879
Balochistan
33,812
Islamabad
115,047
KPK
183,403

BENGALURU: Indian shares snapped a five-session rally on Friday, reflecting weak sentiment in global markets after hawkish comments from US central bank policymakers, but notched their fourth straight weekly gain.

The blue-chip NSE Nifty 50 index closed down 0.01% at 18,255.75 while the benchmark S&P BSE Sensex ended 0.02% lower at 61,223.03.

Both indexes, however, have recovered nearly 10% since slipping into correction territory on Dec. 20, as investors looked past a sharp rise in COVID-19 cases to focus on December-quarter corporate earnings.

On Friday, stocks across the globe stumbled after US Federal Reserve Governor Lael Brainard became the latest and most senior US central banker to indicate hike interest rates would happen in March.

"We are seeing a marginal cool-off in prices as we are mirroring moves from broader Asian markets," said Siddhartha Khemka, head of retail research at Motilal Oswal Securities in Mumbai.

Indian shares end higher as firmer metals offset slide in Wipro, banks

In Mumbai, the Nifty auto index snapped two sessions of gains to settle 0.37% lower. India's auto industry body on Friday warned that the sector continued to face challenges due to semiconductor shortages.

The IT sub-index, ended 0.57% higher and clocked a weekly gain of 1.8%, with HCL Technologies adding 0.2% ahead of results.

The Nifty realty index closed up 1.15% and clocked its fourth straight weekly gain.

Among individual stocks, shares of Paytm snapped eight consecutive sessions of losses to close 8.4% higher at 1,118.60 rupees, still lower than the debut price of 1,950 rupees.

Shares of Asian Paints closed down 2.7% and private sector lender Axis Bank shed 2.6%, among the top percentage losers on the Nifty 50 index.

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