Broader losses in India were capped as pharma and realty indices. Some stocks like Lupin recovered from recent falls on value-buying.
At 2:34 pm, the S&P BSE Sensex was trading at 31,386, up 16 points while the broader Nifty50 was ruling at 9,671, down 4 points
In the broader market, the S&P BSE Midcap was completely flat while the S&P BSE Smallcap indices was up 0.4%.
Nifty was up 1.4% for the week, snapping a three-week losing streak and headed for its biggest weekly gain since late May. On the other hand, BSE Sensex was up 1.3% for the week, after losing in the previous week.
Financials and private banks weighed on the indexes with Housing Development Finance Corp and ICICI Bank down as much as 1.61% and 1.17% respectively.
Meanwhile, InterGlobe Aviation fell as much as 0.89% amid lingering worries about its interest in buying state-owned carrier Air India.
Among gainers, Lupin, surged as much as 4.7%, to post its first weekly gains in five. The rally in Lupin pushed the Nifty Pharma index up 1.5% in today’s trade.
Unitech was locked upper circuit of 20% at Rs 7.80 on the National Stock Exchange (NSE) with nearly five-fold jump in trading volume.
Infosys shares fell nearly 1% ahead of June-quarter results on July 14. The IT major slipped a little over 6% in the last 6 months and nearly 20% in the last one year.