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Going ahead, markets may witness a tug-of-war between bulls and bears in the near-term.
'Do-it-yourself' investing in stock markets is catching up and it is not restricted to investing in Indian stocks. Investors can buy Google, Facebook and Tesla stocks sitting at home
Macroeconomic data, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourses in the near term.
Benchmark equity indices BSE Sensex and NSE Nifty ended flat on Friday ahead of macroeconomic data later in the day.
Motherson Sumi Systems Ltd is quoting at Rs 190.1, up 6.02% on the day as on 12:49 IST on the NSE. The stock is up 52.2% in last one year as compared to a 24.88% jump in NIFTY.
Oil and Gas stocks were trading in red, with the S&P BSE Oil&Gas index decreasing 225.28 points or 1.5% at 14787.37 at 13:48 IST.
Key equity indices BSE Sensex and NSE Nifty reversed gains and hit fresh intraday low in mid-afternoon trade.
Telecom stocks were trading in red, with the S&P BSE Telecom index decreasing 21.63 points or 1.47% at 1446.49 at 13:48 IST.
FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index falling 182.73 points or 1.44% at 12525.36 at 13:48 IST.
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