Markets End Higher In Volatile Trade; Nifty Ends Above 8,600

The Indian equity market ended higher in a volatile trade. The Sensex ended trade higher by 38.43 to 27,865.96 and the Nifty ended up by 19.90 points at 8,611.15.

On Thursday, benchmark indices crashed after a press conference in which the Director General of the Military Offfice (DGMO) said that said the Indian Army conducted surgical strike last night.

Major gainers were Aurobindo Pharma, Bank of Baroda, Grasim, and Gail, all posting gains around 3.85-2.90%. Cipla, Coal India, and Tech Mahindra are the major losers, down between 3.84%-1.10%.

BSE Midcap and Smallcap indices trading higher with gains of 2 per cent each.

Liquor stocks such as United Spirits, United Breweries rose after the Patna HC struck down the Bihar Prohibition of Liquor Act, calling it illegal.

Asian ended the day lower on Friday on worries about the health of Deutsche Bank. European markets were seem trading lower.

Meanwhile, the rupee was last seen trading at 66.61 to the US dollar.

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