Domestic markets snapped an eight-day gaining streak to end negatively on the last day of the week. The benchmark indices – Sensex and Nifty50 – gave up their key support levels of 60,000 and 17,900. Almost all sectoral indices closed around 1.5 per cent at the market close.
At market close, the BSE Sensex was down 651.85 points or 1.08 per cent to 59,646.15, while Nifty50 was down 198.05 points or 1.10 per cent to 17,758.5. Underperforming the benchmarks, broader markets such as both the Nifty mid and small cap fell by over 1.5 and 1 per cent respectively today.
As many as 6 stocks advanced and 44 declined at the close. IndusInd Bank shares fell most by almost 4 per cent, followed by Tata Motors, Bajaj Finserv, and Apollo Hospital each down by over 3 per cent. While Hindalco, Tata Consumer, Bajaj Finance, and Hero Moto are each down between 2.5-3 per cent.
In the otherwise negative market, Adani Ports shares became the top Nifty gainer, up almost 4.5 per cent, followed by Larsen and Toubro shares up over 2 per cent in an otherwise weak market. While stocks such as Infosys, Bajaj Auto, TCS, and Eicher Motors gained marginally at the close.