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Indian equity markets ended the truncated week on a negative note, with no positive cues emerging from Europe or U.S. Futures.
Both the S&P BSE Sensex and the NSE Nifty 50 index reported their seventh consecutive weekly decline. This is the longest weekly decline since July 2008.
After trading for majority of the session in a range, both benchmark indices ended near the lowest point of the day.
The Sensex fell 2.1 percent to end at 27,674 while the Nifty ended at 8,083, down 2.1 percent. For the week, the benchmarks fell 7.4 and 6.7 percent respectively.
All sectoral indices barring Nifty FMCG (Up 0.5 percent) and Nifty Pharma (Up 4.9 percent) ended the day with losses.
Market breadth fluctuated between gainers and losers, but ended in favour of the advances. 961 stocks ended with gains while 816 posted losses for the day.
Nifty Bank: April 9 Expiry
Cipla trades 8 percent higher at RS 425 while NTPC trades 1 percent lower at Rs 82.
Here's a look at how indices across Europe are faring in early trade:
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The stock trades 1.5 percent higher at Rs 249 on the National Stock Exchange.
The stock is up for three out of the last four trading sessions. It is headed for its biggest weekly advance since May 2008. It is also the top gainer on the Nifty Pharma index.
Shares are down for the second day in a row and are headed for their eighth straight weekly loss. This will be the longest weekly losing streak for the company since August 2019.
Shares are up for the third straight day today. They were also locked in a five percent upper circuit on Wednesday.
Shares fell as much as 7.93 percent to Rs 257 on the National Stock Exchange, its lowest level since May 2015. The stock is set to post its sixth straight weekly loss, the longest such streak since February 2018.
Nifty Bank: April 9 Expiry
Shares rose as much as 4.82 percent to Rs 354.45. The stock had snapped an eight-day losing streak on Wednesday.
Shares fell as much as 5.42 percent to Rs 135.25, the lowest level since May 2016. The stock has traded lower for three out of the four trading days this week.
Shares fell as much as 10 percent to Rs 118.20, which is an all-time low. The stock is down for the fifth straight day and has fallen over 30 percent during this period.
Shares rose as much as 5.8 percent to Rs 437.75 and are the top gainer on the Nifty 50 index.
Shares fell as much as 4.22 percent to Rs 1,964.60, snapping a two-day gaining streak.
The stock is attempting a rebound after a 14 percent fall in Wednesday’s trading session.
The stock is down for the second day in a row, after falling 5 percent in Wednesday’s trading session.
738 stocks opened with gains while 673 stocks saw declines in their opening trades.
Find out all that you need to know going into today’s trade here.
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