Sensex ends 180 points up led by gains in financials
The gains by the domestic currency impacted export-oriented sectors as IT stocks declined by 1.15 per cent and the Teck sectors lost 0.58 per cent.
Index pivotals finance and banking stocks held firm.
"Asian stocks including India have sold off a bit in the last month and hence the incremental effect of fresh negative news is limited. Despite global peers falling, Indian markets have risen today as we are awaiting fresh local cues and FII fund flow behavior," Deepak Jasani of HDFC Securities said.
The NSE Nifty50 closed at 55.10 points or 0.52 per cent down at 10,727.35.
Earlier, Chinese factory data, along with India's, suggested a global growth slowdown, which was further magnified after a weak US factory data outcome on Thursday.
Apple is one of the world's largest companies by market value and it was the first time years that it sharply cut its growth forecast.
Stock-wise, Bharti Airtel and Yes Bank gained over 3 per cent, the most on the Sensex. Other top gainers were Vedanta, Tata Motors, Tata Motors (DVR) and inched up in the range fo 2 to 3 per cent.
In contrast, HCL lost the most, 1.55 per cent, followed by TCS declining 1.19 per cent while Infosys lost over 1 per cent. IndusInd Bank and Hero MotoCorp shed up to 1 per cent.
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