Moneycontrol
Nov 10, 2017 04:42 PM IST | Source: Moneycontrol.com

Watch | Markets@Moneycontrol: D-Street ends the week on mildly higher note

A quick check on what moved the markets today.

Moneycontrol News @moneycontrolcom

Equity benchmarks ended mildly higher on Friday after volatile trade throughout session ahead of September industrial output and October inflation data due next week.

The 30-share BSE Sensex was up 63.63 points at 33,314.56 and the 50-share NSE Nifty rose 12.80 points to 10,321.80.

About 1,480 shares declined against 1,197 advancing shares on the BSE.

Benchmark indices gained strength amid consolidation in late trade, after SBI earnings and GST meet.

The 30-share BSE Sensex was up 109.59 points at 33,360.52 and the NSE Nifty rose 33.50 points to 10,342.50.

Global research firm Citi has initiated coverage with buy rating on SBI Life Insurance Company and set a price target at Rs 800 per share, implying a potential upside of 22 percent from Thursday's close.

SBI Life looks well positioned to capitalise on increasing share of financial savings in India, it feels.

The brokerage house said franchise strengths would drive robust growth. It expects 200 basis points improvement in value of new business margin by March 2020.

It also expects value of new business to grow at a compound annual growth rate of 32 percent and average return on embedded value of 20 percent by March 2020.

For more watch the show Markets@Moneycontrol. Moneycontrol Editor Santosh Nair talks to Anchal Pathak on what transpired in trade on Wednesday.
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