Indian benchmark indices closed lower for the second consecutive session on Friday.
The NSE Nifty 50 closed 207.35 points, or 0.86% lower at 24,039.35, while the BSE Sensex ended 588.90 points, or 0.74% down at 79,212.53.
SBI Life Insurance Co. was the top gainer among the Nifty 50 stocks as it ended 5.40% higher at Rs 1,695.1. Tata Consultancy Services Ltd. closed 1.36% up at Rs 3,448 apiece. Following closely behind, Tech Mahindra Ltd. rose to close 1.16% higher at Rs 1,462 per share.
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The next biggest gainer of the trading session was UltraTech Cement Ltd. as the stock climbed to close 0.64% up at Rs 1,237 apiece. Infosys Ltd. closed 0.60% higher at Rs 1,480.20 apiece.
IT stocks contributed largely to the gains, led by TCS, Tech Mahindra, and Infosys. The Nifty IT closed 0.72% higher, the only sector which ended in the green.
The biggest laggard for the trading session was Shriram Finance Ltd., as the stock declined 5.95% to Rs 655.20 apiece.
It was closely followed by Adani Enterprises Ltd. was down 3.61% to Rs 2,354.30 and Adani Ports and Special Economic Zone Ltd. down 3.51% to Rs 1,193. Axis Bank Ltd. and Trent Ltd. which declined 3.38% to Rs 1,166.30 and 3.35% to Rs 5,145, respectively.
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