Stock Market Today: Sensex, Nifty End Week With 2% Decline; PSU Banks, Realty, Drag While IT Bucks Trend
Indian equities seesawed through gains and losses to close lower for the second consecutive session as financials, pharma and energy stocks weighed.
KEY HIGHLIGHTS
Stock Market Live: Sensex, Nifty End Week With 2% Decline
Indian equities seesawed through gains and losses to close lower for the second consecutive session as financials, pharma and energy stocks weighed. Gains in information technology stocks helped offset wider decline. On a weekly basis, the benchmarks fell after a two-weeks rally.
The NSE Nifty 50 ended 95 points or 0.4% lower at 23,431.5, while BSE Sensex lost 241.3 points or 0.31% to close at 77,378.91. During the session, the Nifty declined as much as 0.78% to an intraday low of 23,503, while the Sensex fell 0.77% to 77,543.
Tata Consultancy Services Ltd. was the top gainer on the Nifty, rising 5.6%, after the company's third quarter earnings and management commentary impressed analysts and investors. Shriram Finance Ltd. shed 5.31%.
HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd. and Axis Bank Ltd. weighed on the Nifty the most in terms of points contribution.
TCS, Infosys Ltd., HCLTech Ltd. and Tech Mahindra Ltd. led the gains in the index.
On BSE, 18 sectors declined, and three advanced out of 21. The BSE Power declined the most, and the BSE Focused IT rose the most.
On the NSE, all but one of the 12 sectoral gauges fell. Nifty IT jumped 3.44%, while Nifty Media dipped over 3%.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices ended 2.13% and 2.40% down, respectively.
US Futures Decline Before Jobs Data
As 3:27 p.m., the Dow Jones Industrial Average future was 0.17% down at 42,806.00, and the S&P 500 future was 0.33% down at 5,939.75. The Nasdaq 100 was 0.38% down at 21,279.50.
Stock Market Today At Glance
Indian equities in choppy trade, swings between losses and gains
Intraday, Nifty fell 0.77% and Sensex declined 0.67%.
Nifty closed 95 points or 0.4% lower at 23,431.5
Sensex lost 241.3 points or 0.31% to close at 77,378.91
Broader indices also decline. Nifty Midcap 100 down 2.04%; Nifty Smallcap 250 end 2.44% lower
Most sectoral indices decline, led by Nifty Media
Nifty Bank down 1.55%, Nifty IT up 3.44%
TCS, Tech Mahindra, HCLTech top Nifty gainers
Shriram Finance, IndusInd Bank top Nifty losers
Stock Market: Week At Glance
Nifty IT only gaining sectoral index this week; LTIMindtree, TCS lead gains
Nifty PSU Bank worst performing sector this week; Union Bank of India, Bank of Maharashtra top laggards
Nifty Smallcap 100 records worst week in over two years; KEC International, Inox Wind worst performers
Nifty FMCG snaps two week gaining streak
Nifty Oil & Gas snaps two week gaining streak
Nifty Pharma snaps three week gaining streak
Nifty Auto records longest losing streak in three months
Nifty Financial Services falls second week in a row
Nifty Bank falls second week in a row
Rupee Vs Dollar: Record Low End
Rupee weakened by 11 paise to close at 85.97 against the US Dollar. -Rupee is 3 paise away from hitting the 86 mark. It closed at 85.86 on Thursday.
Source: Bloomberg
Rupee Vs Dollar: Record Low For Indian Currency
Rupee weakened to a record low of 85.95 against the US Dollar. Rupee five paise away from hitting the 86 mark. The currency opened at 85.88 against the greenback. It closed at 85.86 on Thursday.
Source: Bloomberg
Asia Markets Close: China, Japan Indices Fall Most
China's CSI 300 and Japan's Nikkei ended more than 1% lower on Friday. Investors in Japan assessed November pay and household spending out from Japan. Hong Kong's Hang Seng fell 0.9%, South Korea's Kospi ended 0.3% down and Australia's ASX 200 closed 0.4% lower.
