The stock markets ended Friday's session on a mixed note, ahead of release of GDP data for the April-June period. The S&P BSE Sensex dropped 0.12 per cent or 45.03 points to close at 38,645.07. The broader Nifty50 finished marginally higher at 11,680.50. Gains in IT, pharma and infra stocks along with build-up of fresh positions in the September derivatives series were offset by losses in energy and metal stocks. The major draggers on both the key indices were Yes Bank and Reliance Industries (RIL). Yes Bank dropped as much as 5 per cent. Stocks in RIL finished 2.8 per cent lower on Nifty, which dragged the Nifty Energy, a sectoral index on the NSE, to close 1.24 per cent lower at 15,763. The rupee plummeted to a fresh record low of 71 against the US dollar for the first time ever.
Top gainers on the 50-stock Nifty50 were Dr Reddy, Lupin and Tech Mahindra which rose up to 4.7 per cent. The Nifty IT and pharma gained 1.8 per cent and 2.7 per cent, respectively. Nifty Infra also jumped 1.1 per cent led by GMR Infrastructure, which soared 5 per cent.
Other prominent losers on Sensex pack were Mahindra & Mahindra (-1.75 per cent), Maruti Suzuki (-1.25 per cent), Vedanta (-1.13 per cent), Tata Steel (-1.09 per cent), ICICI Bank (-0.51 per cent).
However, investors built up fresh positions as September futures and options (F&O) series opened today.
Investors will closely watch GDP data for April-June quarter due later in the day.
Foreign portfolio investors (FPIs) bought shares worth a net of Rs. 958.01 crore on Thursday, while domestic institutional investors (DIIs) sold shares worth a net of Rs. 1,598.67 crore, provisional data from the NSE showed.
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