Indian Stock Markets Finish the Week on a Flat Note

Share Markets in India finished the trading day on a flat note with negative bias on account of selling in frontline blue chip stocks like Axis Bank, ICICI Bank and Hindustan Unilever.  

At the closing bell, the BSE Sensex stood lower by 27 points, while the NSE Nifty finished flat. Meanwhile, the BSE Mid Cap and the BSE Small Cap finished up by 0.7% respectively.

Sectoral indices ended on a mixed note. The software stocks & the bank stocks witnessed maximum buying interest while losses were largely seen in energy stocks & BSE metal stocks.

The rupee was trading at Rs 64.59 against the US$ in the afternoon session. Oil prices were trading at US$ 48.69 at the time of writing today’s market.

Indian Oil Corporation share price surged 3.5% as the company signed a memorandum of understanding to supply petroleum products to Nepal Oil Corporation (NOC) for a further five years.

For more details, see the IOC company fact sheet and quarterly results. For a sector overview, read our energy sector report.

In another development, Oil & Natural Gas Corp (ONGC) and Bharat Petroleum Corporation ltd (BPCL) are set to overtake Reliance Industries in overseas fund raising in FY17.

ONGC share price and BPCL share price finished up by 0.3% and 1.3% respectively. 

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

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