Sensex, Nifty end unchanged, ICICI Bank gains 7%

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In the domestic market, on Friday, investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore, according to provisional data.

U.S. crude, however, topped the $75 mark for the first time since 2014.

"Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets".

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Major gainers in the 30-share index were ICICI Bank (4.79%), Dr Reddy'S Laboratories (1.17%), ITC (0.96%), Sun Pharmaceutical Industries (0.95%), and Adani Ports and Special Economic Zone (0.71%). While, IT and Pharma fell 0.21 per cent and 0.49 per cent, respectively. The major losers were IndusInd Bank, Mahindra and Mahindra and Larsen and Toubro.

Heavy selling pressure on the capital goods and consumer durables stocks restricted further gains, market analysts said.

Broader markets showed a mixed trend.

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Asian shares were mixed despite the strong closing on Wall Street as investors digested last weeks trade talks and United States jobs numbers.

However, European shares opened broadly flat as investors prepared for President Donald Trump's decision on whether to withdraw the USA from the Iran nuclear deal. Crude oil prices rose by 0.75 per cent to $75.43 a barrel.

In other Asian markets, Hong Kong's Hang Seng gained 1.26 percent while Japan's Nikkei quoted 0.31 percent surge in early deals.

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Investors fear that a rate hike in the U.S. could set off capital outflows from emerging market economies like India amid rising crude and falling rupee could affect the market sentiment.

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