Sensex Erases Early Gains, Slips 49 Points, Nifty Ends Below 16,600; Auto, Bank Stocks Drag
NDTV
Indian equity benchmarks on Friday finished in the red as losses in automobile and banking stocks offset gains in technology and index heavyweight Reliance Industries (RIL).
Indian equity benchmarks on Friday finished in the red as losses in automobile and banking stocks offset gains in technology and index heavyweight Reliance Industries (RIL). The domestic indices plunged into the negative zone during late deals amid profit-booking, erasing all of their early gains. The equity benchmarks had turned positive yesterday, snapping a two-day losing run.
The 30-share BSE Sensex fell 49 points or 0.09 per cent to close at 55,769 today, while the broader NSE Nifty moved 44 points or 0.26 per cent down to settle at 16,584. Sensex swung in a band of 713 points during today's session.
Mid- and small-cap shares finished on a weak note as Nifty Midcap 100 plunged 1.64 per cent and small-cap slipped 0.86 per cent higher.
13 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the red. Sub-indexes Nifty Auto, Nifty Consumer Durables and Nifty Bank underperformed the platform by falling as much as 1.82 per cent, 1.47 per cent and 0.95 per cent, respectively.
