The Nifty ended 2.37% lower, while the Sensex was down by 2185 points
File Photo: IANS
The stock market on Friday ended lower for the fourth consecutive session. At close, the Sensex was down 604.72 points or 0.72% at 83,576.24, and the Nifty was down 193.55 points or 0.75% at 25,683.30.
In the last week, the benchmark indices corrected sharply. The Nifty ended 2.37% lower, while the Sensex was down by 2185 points.
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The BSE Midcap index dropped 0.90% while the Smallcap index plunged 1.74%.
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The overall market capitalisation of BSE-listed firms dropped to below Rs 468 lakh crore from over Rs 481 lakh crore.
Indian rupee ended lower by 14 paise at 90.16 per dollar against the previous close of 90.02.
Among the sectors, almost all the indices ended with losses except Nifty Oil and Gas, which was up by 0.40%, IT up by 0.28%, and PSU Bank up by 0.18%.
Nifty Realty fell 2.26%, which was followed by Auto, Consumer Durables, and FMCG falling over 1%. Nifty Financial Services also fell over 1%, while the Nifty Bank index dropped 0.73%.
On Nifty, the top gainers were Asian Paints up by 1.88%, ONGC up by 1.16%, and HCL Tech up by 0.94%. Those ended in the red were Adani Enterprises (2.59%), NTPC (2.29%), and Adani Ports (2.10%).
Out of 4,346 stocks traded on the BSE, 1,065 advanced, while 3,105 declined.
Some 176 stocks remained unchanged.
Nearly 73 stocks hit their 52-week highs, while as many as 326 stocks hit their 52-week lows on the BSE.
The key names on the highs included Eicher Motors, Indus Towers, and MTAR Technologies, while on the lows were ITC, UBL, Page Industries, and IRCTC.
Among some of the key performances, Bharat Heavy Electricals (BHEL) hit a 10% lower circuit limit after reports of India’s plans to scrap curbs on Chinese firms bidding for government contracts.
Notably, the market sentiment remained weakened amid global headwinds. The Venezuela-US standoff, concerns over Russian oil imports, and continued FII outflows remained key focus areas.
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