FRIDAY STOCK MARKET HIGHLIGHTS

(The Quiver) : Indian shares rose on Friday, lifted by energy and banking stocks amid strong earnings momentum, while a slight rebound in global markets also aided investor sentiment as they snapped up beaten-down information technology stocks and higher crude prices lifted Oil and Natural Gas Corp .Asian stocks recovered some of their steep losses from the previous session after US markets limited further declines from hawkish Fed comments, supported by a firm economy and strong earnings at Apple Inc.

The blue-chip NSE Nifty 50 index was up 0.7 per cent at 17,219, as of 0354 GMT. The S&P BSE Sensex gained 0.5 per cent to 57,583.06. The Nifty bank Index and public sector bank index rose 0.7 per cent each after a cluster of strong earnings from Punjab National Bank, Canara Bank and RBL Bank propped up risk appetite.

The Nifty energy index rose 1.44 per cent while the IT index gained 1.7 per cent. Shares of Bharti Airtel climbed 2.5% after it said Alphabet Inc’s Google would invest up to USD 1 billion in the telecom operator.