Previous   Next
HomeBusinessSensex Slips 143 Points, Nifty Ends Below 17,500

Sensex Slips 143 Points, Nifty Ends Below 17,500

The Indian equity benchmarks on Friday extended fall to the second day in a highly volatile trading session. The benchmark BSE Sensex slipped 143 points or 0.24 per cent to close at 58,645, while the broader NSE Nifty dropped 44 points or 0.25 per cent to settle at 17,516. However, both the indexes logged their first weekly gain in three weeks in a budget-driven rally.

Mid- and small-cap shares finished in the negative zone as Nifty Midcap 100 index fell 0.76 per cent and small-cap shares moved 0.92 per cent lower.

“With the budget now behind us, the market will focus on inflation and interest rates and is likely to remain rangebound,” Siddhartha Khemka, Head of retail research at Motilal Oswal Securities, told news agency Reuters.

On the stock-specific front, Hero MotoCorp was the top Nifty loser as the stock cracked 2.25 per cent to ₹ 2,719.

In contrast, Hindalco, ONGC, Sun Pharma, Asian Paints and Divi’s Lab were among the gainers on the NSE index.

12 of the 15 sector gauges — compiled by the NSE — settled in red. Sub-indices Nifty PSU Bank and Nifty Auto underperformed the index by falling 1.92 per cent and 1.05 per cent, respectively.

On BSE, the overall market breadth stood weak as 1,595 shares advanced while 1,743 declined.


Please enter your comment!
Please enter your name here

More News

India Has Two Major Obstacles In Dealing With China: Jaishankar 

Speaking at the media summit, Mr. Jaishankar said asserted that India has two enormous handicaps in dealing with China including the defeat in the...

Assam CM’s Dig At Rahul Gandhi Says Rahul Gandhi Looks Like Saddam Hussain

Assam chief minister Himanta Biswa Sarma in his latest dig at Rahul Gandhi said that the Congress leader's looks have changed and he looks...

Nearly 75% Twitter Employees Layoffs In A Month, Will Elon Musk’s New Policy Be Able To Assure The Employees

After cutting nearly 75% workforce of Twitter in less than a month since the takeover, Elon Musk is now reported to have kept the...


Keep Your Money Safe, Jeff Bezos Warns Economic Recession

Amazon founder Jeff Bezos recently warned consumers and businesses that they should consider postponing large purchases during the holiday season as an economic recession...

G20 Presidency Is A Proud Occasion For Every Indian: PM Modi

Indonesia President Joko Widodo handed over the G20 Presidency to India at the closing ceremony of the 17th intergovernmental summit in Bali on Wednesday....

Unmanned Trains Will Run Soon In India

Bharat Electronics Ltd (BEL) has signed an agreement with Delhi Metro Rail Corporation Ltd (DMRC) to jointly develop an indigenous communication-based train control system...