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Live: Nifty logs second weekly loss; rupee rebounds 80 paise | Closing Bell
Indian equities traded lower on Friday afternoon as weakness in metal and information technology stocks outweighed gains in select financial, healthcare and consumer names. At 2:18 pm, the Sensex was down 299.98 points or 0.40 percent at 74,060.03, while the Nifty slipped 110.15 points or 0.47 percent to 23,306.40. Market breadth remained weak, with 2,070 stocks declining against 1,720 advances. The Nifty Metal index dropped nearly 2 percent and Nifty IT fell over 1 percent, while broader markets also underperformed. However, the Nifty Media index surged more than 2 percent and realty stocks traded higher, offering some support. Catch Lovish Darad in conversation with Market Experts.
Taking Stock: Sensex, Nifty slip in volatile trade after RBI policy; banking stocks outperform
Among sectors, Media index gained 3.5%, while PSU Banks, Realty, Consumer Durables, and Healthcare rose 0.5% each. In contrast, Energy, IT, Metal, Oil & Gas, and Telecom indices declined between 0.5% and 1.5%.
Taking Stock: Sensex, Nifty end flat as late selling erases gains; metals lead losses
Sectorally, FMCG and private banking stocks outperformed, whereas all other major indices ended in the red, with media, realty, energy, metal, oil & gas, and PSU bank indices falling 1-2%.
Taking Stock: Market snaps two-day fall; Nifty ends at 24,000, Sensex up 444 pts
On the sectoral front, realty index up 3.5%, FMCG and media indices added 2% each, auto and PSU Bank indices rose 1% each. On the other hand, IT index shed 2%, while metal index down 1% and pharma index down 0.5%.