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.

More News

Smartphone Use And An Increase In Social Isolation Point To Decline In Mental Health of Young Adults: Report

If you are a young adult and spend a lot of time on your smartphone that it may cause a rapid decline in your...

Inflation Is One of The Top Issues In World Wide: Ipsos

Inflation has shot up the rankings to be the number one global concern in April, according to Ipsos. In March, Inflation made the top...

Two Years After Infection, Half of People Hospitalised With Covid Have At Least One Symptom: Study

Two years after getting infected with COVID-19, half of people hospitalised with the infection have at least one symptom, a follow-up study by the...


Elon Musk Says Businesses And Governments Accounts Likely To Pay To Use Twitter

Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter just weeks after announcing he...

India Continue To Buy Russian Crude, Here Is The List Who Is Buying And Who Has Stopped

India has taken advantage of discounted prices to ramp up oil imports from Russia at a time when global energy prices have been rising. After...

Sensex Slips 460 Points, Nifty Ends Below 17,105

Indian indices at the weekend cleaned all the gains before closing lower, despite positive global cues. The week witnessed heavy turbulence due to multiple...