Stock Market Highlights: The key benchmark indices consolidated in a narrow range in trades on Friday, while stock-and-sector specific activity dominated the proceedings. Among the frontline stocks, ITC and TCS logged strong gains even as auto, metal and realty stocks slid amid selling pressure.
ITC surpassed HDFC in terms of market capitalisation to become the 7th most valued firm in India. The stock gained 1.9 per cent at Rs 408.
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TCS too moved up 1.8 per cent today. Among the other IT peers, Wipro and HCL Technologies also gained over a per cent each, while Infosys edged 0.3 per cent higher.
On the flip side, Tech Mahindra was the top loser among the Sensex 30 stocks, down over 2 per cent. The stock has shed 9 per cent in the last five trading sessions amid downgrades by Citi and JP Morgan.
Maurti Suzuki, Tata Steel, UltraTech Cement, Tata Motors, Bajaj Finserv, IndusInd Bank, ICICI Bank and Bharti Airtel declined 1-2 per cent each.
The S&P Sensex swung in a narrow band of 368 points before settling at 59,655, up 23 points. The NSE Nifty 50 ended almost unmoved at 17,624.
The broader markets ended with marginal losses. The BSE Midcap index was down 0.4 per cent, and the Smallcap 0.3 per cent.
