The Indian equity market closed with a minor gain on Friday, with the broader 50-share Nifty ending with a minor gain of 18 points to 10,877. The Sensex was up 24 points, settling at 36,194 at close. Benchmark indexes found support in IT shares, while FMCG, energy and telecom stocks dragged. On a weekly basis, both indices gained over 3 percent led largely by the IT index which surged nearly 6 percent.

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In the broader markets, Midcap Index advanced 109 points to see a close above 17,503, led by Page Industries, Mphasis and Jubilant Life. Banks, on the other hand were underperformers, with the leading index, Nifty Bank down by 77 points at 26,863. Shares of ICICI bank and IndusInd Bank were the top losers, while Kotak Mahindra Bank was the top gainer.

Yes Bank snapped its five-day losing streak post management’s commentary on the recent developments. Speaking on CNBCTV18, Rajat Monga, Senior Group President said, “The structure of promoter companies is independent of bank, wrong to call them group companies and Rana Kapoor himself doesn’t have any ownership in Morgan Credits or Yes Capital.”

In the derivatives segment, Nifty 10,700 Put option added 6.5 lakh shares in the open interest with premium falling 7 percent, while Nifty 10,900 Call option added 4 lakh shares in the open interest with premium gaining 5 percent. Nifty December Futures closed with a premium of 37 points against a premium of 32 points on Thursday.

On the global front, Asia Pacific markets ended mixed on Friday as investors awaited the outcome from a highly anticipated meeting between US president Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, which many hope will help ease escalating trade tensions between the two countries.

Japan’s Nikkei 225 rose 88.46 points, or 0.4 percent, to 22,351.06, while the Topix index added 0.48 percent to 1,667.45. South Korea’s Kospi fell 17.24 points, or 0.82 percent, to 2,096.86. The Bank of Korea raised its policy interest rate on Friday for the first time in a year, but the move was already factored in by the market.

Greater China markets ended the day higher: The Shanghai composite gained 20.74 points, or 0.81 percent, to 2,588.18. The Shenzhen composite added 12.31 points, or 0.92 percent, to wind up at 1,337.74.

Hong Kong’s Hang Seng index was up 0.2 percent. Growth in China’s manufacturing sector stalled for the first time in more than two years in November as new orders shrank.

The official Purchasing Managers’ Index, released Friday, fell to 50 for the month, missing market expectations and down from 50.2 in October.

In Australia, the benchmark ASX 200 fell 91.20 points, or 1.58 percent, to 5,667.20, with most sectors declining. The heavily weighted financial subindex was down 1.58 percent as major banking stocks fell while the materials sector dropped 0.69 percent.