Sensex Rises 83 Points, Nifty Settles At 10,772; Auto Stocks Lead Gains

INSUBCONTINENT EXCLUSIVE:
Oil refiners rose on the back of lower crude prices.The domestic stock market indices ended Friday's session on a positive note, posting a
weekly gain
The SP BSE Sensex surged 83.31 points, or 0.23 per cent, to close at 35,657.86
Markets benefited from bargain-hunting in recently battered stocks amid mixed global cues, said brokers
Most sectors traded higher today with energy stocks climbing on softer crude prices
US tariffs on $34 billion worth of Chinese exports took effect on Friday.Major gainers in the Sensex pack were Tata Motors, HeroMotocorp,
TCS, Bajaj Auto, Mahindra Mahindra and Reliance, rising between 1.19 per cent to 4.25 per cent
the pack of Nifty gainers, while main losers on the index were Cipla, Sun Pharma, Tech Mahindra, Dr Reddy's and Infratel, ending with losses
During the day some short covering in beaten-down large and mid-cap stocks was seen
There has also been a built up of positions in IT stocks ahead of the results season staring next week", said Viral Berawala, CIO, Essel
Mutual Fund.Consumer and auto stocks traded well today due to good progress of the monsoon, reported Reuters
A good monsoon is crucial to the Indian economy as it pushes up farm incomes, in turn driving demand and consumption.Oil refiners rose on
the back of lower crude prices, with Hindustan Petroleum Corp Ltd rising up to 4.54 per cent on NSE index
Motors plunged in the previous session after unit Jaguar Land Rover said that a so-called "hard Brexit" would cost it 1.2 billion pounds
($1.59 billion) a year.Meanwhile, Varroc Engineering issue opened over 6 per cent higher on the market debut on BSE
The Varroc Engineering shares was issued at Rs
967 while the shares opened at Rs
0.66 per cent, and 58.35 points, or 0.54 per cent, respectively
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 159.37 crore on net basis, while domestic institutional investors (DIIs)