Domestic stock markets started Friday’s session on a higher note amid volatile trade. The S&P BSE Sensex index rose as much as 135.43 points to touch 39,155.82 in the first hour of trade, but soon declined 247.07 points from there to hit 38,994.54 on the downside. The broader NSE Nifty benchmark index moved in a range of 78.7 points, touching 11,646.90 and 11,568.20 at the day’s strongest and weakest levels respectively. Gains in banking and consumer goods spaces were offset by losses in automobile and pharmaceutical sectors. Analysts awaited State Bank of India (SBI) to report its financial results for the second quarter of current financial year later in the day.
On Thursday, the domestic stock markets had finished a lacklustre session with mild losses, with the S&P BSE Sensex index ending 38.44 points – or 0.10 per cent – lower at 39,020.39 and the broader NSE Nifty benchmark settling at 11,582.60, down 21.50 points – or 0.19 per cent – from its previous close.