The two key equity benchmarks, Sensex and Nifty, on Friday ended lower for the second consecutive session tracking weak global sentiment. The S&P BSE Sensex dropped 260 points to 62,979, closing below the 63,000-mark. On the other hand, the NSE Nifty50, too, fell 105 points to 18,665. The indices hit intra-day lows of 62,874, and 18,647, respectively.
On the 30-share Sensex platform, Tata Motors, SBI, PowerGrid, Tata Steel, Infosys, Titan settled in the red. On the flipside, IndusInd Bank, Airtel, Asian Paints, NTPC, HCL, HDFC, Sun Pharma were the only gainers.
Among specific stocks, shares of Adani Group companies were under pressure, falling up to 6 per cent on the BSE in Friday’s intra-day trade following reports that the Group has drawn regulatory scrutiny in the US after short seller’s report. Shares of Tube Investments of India (TII) hit a new high of Rs 3,394, as they rallied 5 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market on healthy business outlook.
In the broader markets, the BSE MidCap and Smallcap indices slipped over a per cent each.
Sectorwise, the Nifty Metal index fell 1.77 per cent, the Nifty IT index 0.75 per cent, and the Nifty PSU Bank index 0.6 per cent. The Nifty Bank index, however, was the sole index to reverse losses as it gained 0.04 per cent.
In the previous session on Thursday, Sensex ended at 63,239, down 284 points, while the NSE Nifty50, closed at 18,771, down 86 points.
Read More: Sensex Falls 260 Points, Nifty Around 18,650 On Weak Cues. Metals, IT Top Losers