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Indian equities snapped a three-day winning streak after falling off the day's high amidst rising bond yields.
The S&P BSE Sensex ended 1% lower at 50,792. The index fell over 1,000 points from the day's high. The NSE Nifty 50 index too fell 1% to end at 15,030. The 50-stock gauge fell over 300 points from the highest point of the day.
Despite today's decline, the Sensex and Nifty managed to eke out weekly gains of 0.7% each.
All sectoral indices ended lower in today's session. The Nifty Bank index declined 1,000 points from the day's high to end 1.2% lower at 35,496. The PSU Bank index too ended 1.7% lower in today's session.
Another index that declined a similar quantum was the Nifty Auto index, which ended 1.7% lower. The Nifty Pharma and Nifty FMCG indices fell 1% each while the Media and Metal indices declined 0.9% each.
Broader markets had a mixed day. The Nifty Midcap index fell 0.4% while the Smallcap index ended the day with gains of 0.5% each.
The India Volatility Index ended 4.6% higher at 21.7.
1,126 stocks on the NSE ended the day with losses while the 780 stocks posted gains.
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Indian equities have opened with strong gains on the final trading day of the week, despite futures indicating a flat start earlier this morning.
The S&P BSE Sensex opened 0.7% higher at 51,025 while the NSE Nifty 50 index opened 1% higher at 15,321. As of closing on Wednesday, both Sensex and Nifty were up over 1.5% for the truncated week.
Sectoral indices have had a mixed start to today's trading session. The Nifty Bank index has opened with gains of nearly 600 points or 1.6% while the PSU Bank index is down 2.2% at the start of trading.
The Nifty I.T. index has gained another 1.7% at the start of trade while the Metal index has opened with losses of 1.3%.
Broader markets have opened mixed this morning. The Nifty Midcap index has opened with losses of 0.8% while the smallcap index has opened 0.2% higher.
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.jpg?downsize=1080:540 "Sensex, Nifty End Lower But Manage To Eke Out Weekly Gains")
