Sensex ends marginally higher; Yes Bank falls 5 pc

Mumbai, November 1 () The BSE Sensex share benchmark index ended marginally higher at 40,165 points on Friday after a volatile session as markets consolidated after climbing new highs.

Advancing for the sixth consecutive session, the 30-share index was set at 35.98 points, or 0.09 percent, higher at 40,165.03. The index balanced 269 points during the day, reaching a maximum of 40,283.30 and a minimum of 40,014.23.

The broader NIF NSE also advanced 13.15 points, or 0.11 percent, to close at 11,890.60.

The main winners in the Sensex package included IndusInd Bank, Tata Steel, Vedanta, Tech Mahindra, ONGC, Axis Bank and ITC, which increased to 5.18 percent.

On the other hand, Yes Bank was the biggest laggard, falling 5.46 percent, ahead of its quarterly results.

TCS, M&M, Asian Paints, Tata Motors, L&T, HCL Tech and NTPC also lost up to 3 percent.

Recent peaks were short-lived and earnings reserves emerged, especially in companies that recovered substantially in recent weeks, analysts said.

Investor sentiment was also moderated after the publication of production data from the central sector after market hours on Thursday.

The production of eight central infrastructure industries contracted 5.2 percent in September, the lowest in a decade, indicating the severity of the economic slowdown.

The eight main sectors had expanded by 4.3% in September 2018, according to official data.

Globally, the stock exchanges in Shanghai, Hong Kong and Seoul settled more in optimism about the trade agreement between the United States and China, while Tokyo ended in red.

The exchanges in Europe were negotiated with a positive note in their respective initial agreements.

Meanwhile, the Indian rupee appreciated marginally at 70.89 against the US dollar during the day. Brent crude futures, the global benchmark for oil, rose 0.40 percent to USD 59.86 per barrel. ANS ABM ABM