Market remains uncertain; Nifty closes around 24,400; Sensex below 80,000 mark

Photo: IANS


The stock market on Friday ended lower in the range-bound session, with Nifty at around 24,400 and Sensex settled below the 80,000 mark.

The market traded in positive territory for most of the session despite a negative start. However, amid final-hour selling pressure, the indices ended near the day’s low.

At close, the Sensex was down 270.92 points, or 0.34 per cent, at 79,809.65, and the Nifty was down 74.05 points or 0.30 per cent at 24,426.85. The BSE Midcap index shed 0.4 per cent, and the small-cap index was down 0.3 per cent.

Among the sectors, Nifty FMCG was up 0.95 per cent, Media was up by 0.35 per cent, and Consumer Durables, up 0.15 per cent, closed with gains. While the key ones ending with significant losses were Nifty Realty, down by 1.33 per cent, Oil & Gas, down 1.01 per cent; Auto, down by 0.88 per cent, and IT, down by 0.87 per cent.

Nifty Bank index slipped 0.31 per cent, while the Financial Services index declined 0.28 per cent.

Top gainers on the Nifty50 were ITC, up by 2.15 percent; Shriram Finance, up 1.79 per cent; and BEL, up by 1.53 per cent. Around 27 stocks ended in the red, including Mahindra & Mahindra, down by 2.89 per cent, Reliance Industries, down by 2.16 per cent, and Infosys, down by 2.07 per cent.

Shares of RBL Bank went up by around 4.3 per cent following Societe Generale’s bulk purchase of 32.78 lakh shares at Rs 250.57 per share.

Adani Enterprises declined due to broader market weakness and some profit booking following prior gains. The stock fell as low as 1.55 per cent intraday.

Around 121 stocks hit their 52-week high, while 99 stocks touched 52-week lows.

Those on the high were Authum Investment & Infrastructure Ltd, CreditAccess Grameen Ltd, Dalmia Bharat Ltd, HBL Engineering Ltd, and Procter & Gamble Health Ltd.

In contrast, on lows were AAVAS Financiers Ltd, Blue Dart Express Ltd, Five-Star Business Finance Ltd, HFCL Ltd, Praj Industries Ltd, and REC Ltd.

The market remained uncertain about the impact of Trump’s tariffs, as there are no signals of a trade truce between the US and India.