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​Gold eased on Friday and was on course for a second straight weekly fall as the U.S. dollar and Treasury yields firmed after hot inflation data cooled prospects of early rate cuts by the Federal Reserve.

​Oil steadied on Friday as slowing demand forecast by the International Energy Agency (IEA) offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner rather than later this year.

The IPO, with a face value of Rs 10, consists of a fresh issue of equity shares, aggregating to Rs 40 crore, and an offer for sale (OFS) of up to 2.6 crore equity shares by BanyanTree Growth Capital II, LLC, a Mauritius-based structured private equity.

The Nifty Pharma index closed 1.63 per cent up at 18870.8.

​The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from importers, including local oil companies, eroded the impact of supportive global cues, traders said.

Anshul Saigal, Founder of Saigal Capital, discusses the trade of the century in the PSU banking space. PSU banks have similar ROEs and earnings growth as private sector banks, but with lower price to book multiples. I do not see that there cannot be upside in these banks from here as well. However, there are certain pockets where upsides are more or less captured, at least in the short term.

PTC Industries allotted 2.35 lakh equity shares at Rs 6,000 apiece, under which Kacholia bought 1 lakh shares. Other investors who were allotted the shares include Himalaya Finance and Investment, Naresh Saraaf, Blue Square, Fair and Faith Consultants.

Among the Sensex stocks, Wipro, M&M, L&T, and Tata Motors were the top gainers, rising 2-5%. Maruti, Infosys, Nestle India, and IndusInd Bank also closed in the green, while Power Grid, SBI, Reliance Industries, NTPC, and Axis Bank ended with cuts.