Stock Market Today: Nifty, Sensex Snap Two-Day Gaining Streak; Wipro, HDFC Bank Top Losers
The Nifty 50 and Sensex ended 0.76% and 0.90% down, respectively on Friday.
KEY HIGHLIGHTS
US Market Update: Futures Rise Before ISM Manufacturing Data
As 3:30 p.m. the Dow Jones Industrial Average and S&P 500 futures were trading 0.31% and 0.35% higher, respectively. The Nasdaq 100 future was 0.46% higher.
Economic Data Releases And Events For Jan 3
US: ISM Manufacturing PMI — 8:30 p.m.
US: ISM Manufacturing Prices — 8:30 p.m.
US: Energy Information Administration Natural Gas Storage Report — 9:00 p.m.
US: The US Federal Reserve Bank of Richmond President Thomas Barkin will speak at Economic Outlook Forum, in Maryland — 9:30 p.m.
Stock Market Highlights: Sensex, Nifty End Lower, But Post Second Consecutive Weekly Gains
The NSE Nifty 50 and BSE Sensex snapped a two-day winning streak on Friday as private bank stocks declined. Wipro Ltd. and HDFC Bank Ltd. were top loser in the Nifty 50. However, the benchmarks rose for second consecutive week.
The Nifty 50 ended 199.60 points or 0.83% down at 23,989.05, and the Sensex ended 784.00 points or 0.98% down at 79,159.71.
During the session, the Nifty 50 declined 0.88% to the day's low of 23,976.00. The Sensex fell 1.04% to the day's low of 79,109.73.
HDFC Bank Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., ITC Ltd., and Infosys Ltd. weighed on the Nifty 50 index.
Reliance Industries Ltd., Tata Motors Ltd., Oil and Natural Gas Corp Ltd., Hindustan Unilever Ltd., and Titan Co. Ltd. added to the Nifty 50 index.
On NSE, six sectors ended higher, and six ended lower out of 12. The NSE Nifty IT declined the most, and the NSE Nifty Media rose the most.
Broader indices outperformed. BSE Midcap closed 0.3% down and BSE Smallcap closed flat.
Fourteen of the 21 sectoral indices fell and remaining ended higher. BSE Focused IT fell the most.
Market breadth was skewed in the favour of buyers. As many as 2,105 stocks rose, 1,876 fell, and 122 remained unchanged on the BSE.
The benchmark indices rose for second week in a row on Thursday's gains. The Nifty 50 and Sensex recorded the best session since Nov 22 Thursday and posted the highest closing in over three weeks.
The Nifty 50 and Sensex gained 0.80% and 0.67%, respectively in the week ended on Jan 3.
On NSE, eight sectors advanced, three declined, and two remained flat out of 12. The NSE Nifty Auto rose the most, and the NSE Nifty Realty declined the most.
Rupee Closes Weaker Against Dollar
Rupee weakened by two paise to close at 85.78 against the US dollar.It closed at 85.76 on Thursday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 and BSE Sensex rose for second week in a row.
The Nifty 50 and Sensex snapped a two-day rising streak on Friday.
The NSE Nifty IT declined the most, while the NSE Nifty Media rose the most.
HDFC Bank Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. dragged the Nifty 50 index.
Tata Motors Ltd., Reliance Industries Ltd., and Oil and Natural Gas Corp limited losses in the Nifty 50.
The NSE Nifty Midcap 150 ended 0.32% down at 21,403.50.
The NSE Nifty Smallcap 250 ended 0.26% down at 17,960.65.
