Indian equity market extended its overnight losses and opens below the its previous day close but in the afternoon trade Indian equity market trimmed its losses and ended the day in the positive terrain led by gains in technology, auto and power stocks. Sensex ended the day at 18774.24 up by 54.95 points while Nifty ended at 5667.65 up by 11.75.
Software exporters gained, helped by hopes a weaker rupee would improve overseas earnings. Indian Rupee touched the all time high of 59.98 against US dollar on Thursday following the US Federal Reserve's statement on its plan to wind down the monetary stimulus.
Among the sectoral indices CNX IT surged by 1.46% and was the biggest gainer of the day meanwhile CNX PSU Bank (-1.96%), CNX Metal (-1.31%) and CNX Realty (-1.27%) were among the top losers.
Out of 50 stocks of Nifty 25 stocks ended in green and 25 stocks in red.
Top 5 Nifty gainers: IndusInd Bank (3.95%), Hindalco (3.32%), ONGC (2.82%), Ranbaxy (2.11%) and NMDC (1.88%) were Nifty top gainers.
Top 5 Nifty losers: Jindal Steel (-7.79%), BOB (-4.59%), PNB (-3.07%), Reliance Infrastructure (-2.02%) and Sun Pharma (-2%) were among index top laggards.
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