Mumbai: As global peers slumped after China's GDP growth slipped to a 27-year low of 6% in the third quarter of 2019, equity benchmark indices extended morning gains on Friday (October 18) and ended with gains of 0.6%
The BSE S&P Sensex closed 246 points higher at 39,298 while the Nifty 50 was up 76 points at 11,662. All sectoral indices at the National Stock Exchange (NSE) were in the positive zone except for Nifty media, which dropped by 1%. Nifty realty gained by 1.9%, metal by 1.8% and pharma by nearly 1 per cent.
Among stocks, Indiabulls Housing Finance closed with a gain of 17.42% at Rs 231.50 on BSE after the company offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in November and December.
Private lender Yes Bank was up by 8.2%, Coal India by 3.3%, Adani Ports by 3.2% and Maruti by 3.1%. The other prominent gainers were Grasim, Nestle India, Power Grid Corporation, Larsen & Toubro, Bharat Petroleum Corporation and Titan.
However, those which lost were Zee Entertainment, Tata Motors, Cipla, Eicher Motors and Hindalco.
Meanwhile, Asian stocks tumbled after China's economic growth slowed more than expected to 6% year-on-year in the third quarter of 2019, marking the weakest pace in nearly three decades.
Shanghai Composite fell by 1.3% which Hong Kong's Hang Seng slid by 0.48% and South Korea's Kospi by 0.8%. Japan's Nikkei was up marginally by 0.18%.
(ANI)