Fund inflows, positive macro-data lift equities; pharma stocks shine (Roundup)

Mumbai, Nov 13 : Continuous foreign fund inflows along with positive industrial production macro-data slightly lifted the Indian equity benchmark indices on Friday after a range-bound trade session.
In the day’s trade, both the indices had a gap-down opening in line with their Asian peers. Soon afterwards, a volatile session followed at the end of which the key indices closed on a flat-to-positive level.
Analysts cited that profit bookings, along with, high retail price inflation for October and expensive propositions impacted investors’ sentiments.
On the other hand, continuous foreign fund inflows along with positive data point aided to arrest the downfall and triggered a gradual recovery.
Globally, Asian shares opened lower Friday as rising cases of coronavirus infections in the US, Europe and Asia added to investors’ worries that economies will once again be constrained by pandemic restrictions on travel and businesses.
However, they rose later from intraday lows.