Sensex Halts 5-Day Winning Run, Ends 12 Points Lower, Nifty Holds 18,250; Asian Paints, Axis Bank Top Drags
NDTV
The Indian equity benchmarks on Friday settled in red, halting a five-day winning run amid weak global cues.
New Delhi: The Indian equity benchmarks on Friday settled in red, halting a five-day winning run amid weak global cues. The 30-share BSE Sensex fell 12 points or 0.02 per cent to close at 61,223, while the broader NSE Nifty slipped 2 points or 0.01 per cent to settle at 18,256. Sensex recovered more than 450 points from its intraday low of 60,757 before settling a tad lower.
Global markets took a beating after more Federal Reserve policymakers signalled they will start to raise U.S. interest rates in March to combat inflation. Fed Governor Lael Brainard became the latest and most senior U.S. central banker to signal that rates will rise in March to combat inflation.
Back home, mid- and small-cap shares finished on a mixed note as Nifty Midcap 100 index slightly declined 0.02 per cent and Nifty Smallcap 100 index gained 0.75 per cent.
12 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in red. Nifty FMCG (fast-moving consumer goods) underperformed the index by sliding as much as 0.71 per cent.
