The benchmark equity indices – Sensex and Nifty – ended around 0.8 per cent lower on Friday following a selloff towards the last hour of trade weighed by Axis Bank and Reliance Industries (RIL).
The S&P BSE Sensex fell 460.19 points (0.80 per cent) to settle at 57,060.87 while the Nifty 50 declined 142.50 points (0.83 per cent) to end at 17,102.55. Both the indices had opened around 0.5 per cent higher and traded higher through most of the session before slipping in the red towards the fag end of trade.
On the Sensex pack, Axis Bank was the top loser of the day, slipping over 6.5 per cent. It was followed by Power Grid Corporation of India, Wipro, State Bank of India (SBI), Maruti Suzuki India and Titan Company. On the other hand, Kotak Mahindra Bank, HDFC Bank, Sun Pharmaceutical Industries, Tata Steel, Dr. Reddy’s Laboratories and UltraTech Cement were the top gainers on Friday.
In the broader markets, the S&P BSE MidCap index settled at 24,418.04, down 198.83 points (0.81 per cent) while the S&P BSE SmallCap ended at 28,611.92, down 166.12 points (0.58 per cent). The volatility index or India VIX rose 0.19 per cent to 19.4150.
More to follow
Read More: Indices lose momentum in last hour of trade; Sensex falls 460 points, Nifty ends a tad