Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
Amid lower opening of European markets, Indian bourses gave up some gains and closed Friday’s trading session marginally higher with Bank stocks leading the rally.
The BSE Sensex closed 89 points or 0.30 per cent higher at 29,421 and the NSE Nifty ended 22 points or 0.24 per cent up at 9,108.
In the broader markets, BSE Midcap index slipped 0.1 per cent while BSE Smallcap index jumped 0.4 per cent.
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Among the BSE sectoral indices, Bankex index registered the biggest gain with a jump of 1.2 per cent. IT and Teck indices declined 0.8 per cent and 0.7 per cent respectively.
Bank of Baroda (up 4.3 per cent), Punjab National Bank (up 4.1 per cent), ICICI Bank (up 2.9 per cent) and SBI (up 2.8 per cent) were the notable gainers in the banking space.
Top gainers in the Sensex-30 pack: ICICI Bank (up 3.3 per cent), SBI (up 2.6 per cent), ITC (up 1 per cent), Reliance Industries (up 0.8 per cent) and Coal India (up 0.8 per cent).
Top losers in the Sensex-30 pack: Infosys (down 1.4 per cent), TCS (down 1.2 per cent), Lupin (down 0.9 per cent), Bajaj Auto (down 0.9 per cent) and ONGC (down 0.8 per cent).
All the Asian markets traded in the positive zone. Japan’s Nikkei 225 climbed 0.9 per cent, Singapore’s Straits Times Index jumped 0.5 per cent, Hong Kong’s Hang Seng index increased 0.1 per cent, Korea’s KOSPI jumped slipped 0.2 per cent, and China’s Shanghai Composite index jumped 0.6 per cent.
European markets were trading with declines, CAC 40, FTSE 100 and DAX indices lost between 0.1-0.3 per cent.
Back home, the Rupee was trading 16 paise higher at 65.41 against the US Dollar.
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