Indian equity markets fell on Friday, ending an eight-day rally, amid weak global markets and profit-booking at record levels. The Sensex closed at 62,868.50, down 415.69 points. During the day, it fell 604.56 points to 62,679.63. The Nifty closed at 18,696, down 116.40 points or 0.62 per cent.
top losers
Mahindra & Mahindra (up 2.08%), Hindustan Unilever (1.78%), Maruti (1.58%), Nestle (1.52%), HDFC (1.32%) and Asian Paints (1.19%) were among the top Sensex losers.
top gainers
Tata Steel (1.22%), Dr Reddy’s (1.18%), Tech Mahindra (1.16%), IndusInd Bank (0.56%) and Bajaj Finserv (0.24%) were among the top Sensex gainers.
Of the 30 Sensex stocks, 22 closed with losses.
“The rally in the domestic market was capped by negative cues from global peers and broad-based profit-booking in large caps. The market correction was led by auto stocks as sales numbers were lower than expected due to weak exports and sequential D- Stocking,” Vinod Nair, head of research at Geojit Financial Services.
Market breadth was positive with 1,948 scrips falling against 1,544 scrips on the BSE. There was no change in 129 shares.
Auto, consumer durables, banking and IT stocks were top losers in their BSE indices, falling 339 points, 189 points, 156 points and 129 points, respectively. The market cap of firms listed on BSE stood at Rs 289.57 lakh crore as against the market cap of Rs 289.88 lakh crore in the previous session. The BSE Mid Cap and Small Cap indices gained 209 points and 206 points, respectively.
Foreign institutional investors (FIIs) sold shares worth Rs 1,565.93 crore on Thursday, according to exchange data.
back off
Benchmark indices closed higher for the eighth straight session on Thursday, hitting new records amid strong global market trends. The Sensex closed at 63,284.19, up 184.54 points or 0.29 per cent, its fresh record high. The Nifty closed at 18,812.50, up 54.15 points or 0.29 per cent, its fresh record high.
global market
Elsewhere in Asia, bourses in Seoul, Tokyo, Shanghai and Hong Kong ended in the negative zone. Equity exchanges in Europe were mostly trading lower in afternoon trade. Wall Street closed down on Thursday.
International oil benchmark Brent crude was trading 0.13 per cent lower at $86.77 per barrel.
