The benchmark BSE Sensex and NSE Nifty declined 256.42 points and 62.75 points at 25,610.53 and 7,762.25, respectively, on Friday as investors offloaded their positions on disappointing macro data and weak trend in global markets.

Barring the BSE Metal index (up 0.67 per cent) and BSE Consumer Durables index (up 0.20 per cent), rest all other sectoral indices on the Bombay Stock Exchange (BSE) ended in red, the BSE Capital Goods index and BSE Auto index closed 1.97 per cent and 1.67 per cent down at 14,178.90 and 18,305.50, respectively.

In the 50-share index, Coal India, Punjab National Bank, Kotak Mahindra Bank, BPCL and Bharti Airtel gained between 1.15 per cent and 2.90 per cent. On the other hand, Cairn India, Vedanta, Cipla, Zee Entertainment and Hindalco slid between 3.45 per cent and 5.50 per cent.

A government data showed that industrial production fell to a four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments.

Adding to the gloom was inflation, which rose for a third straight month and touched 5 per cent in October.

Vinod Nair, head, fundamental research, Geojit BNP Paribas said, “The short trading week came to an end on a negative note as the acceleration of CPI inflation in October, 2015 and a fall in industrial production data in September, 2015 further added to the negative sentiments of the investors. On the macro front, concerns over the Chinese economy also fuelled the selling pressure.”

Indiabulls Housing Finance fell as much as 17.5 percent after the company agreed to buy a 40 per cent stake in UK-based OakNorth Bank for $100 million, raising concerns over capital allocation.

Shares of CESC jumped as much as 8.33 per cent after the company reported 1.56 per cent rise in its net profit at Rs 195 crore for the quarter ended September 30, 2015 as compared to Rs 192 crore for the same quarter in the previous year.

InterGlobe Aviation shares closed 10.79 per cent up at Rs 1,023 apiece. The share price of the company opened at Rs 921 and had touched a high and low of Rs 1,032.70 and Rs 918, respectively, in trade.

Overall market breadth for the day remained negative as advances to declines ratio for Nifty stood at 14:36 for the day.

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Markets through the day

3.30 pm: Triggered by weak global markets and disappointing macro data, the BSE Sensex and NSE Nifty closed 256.42 points and 62.75 points down at 25,610.53 and 7,762.25, respectively, on Friday.

3.07 pm: Wockhardt reported a multi-fold jump in consolidated net profit at Rs 107.59 crore for the second quarter ended September 30, mainly on account of robust sales and lower tax expense. The company posted a net profit of Rs 3.63 crore during the corresponding period of the previous fiscal. Shares of Wockhardt were trading 0.60 per cent down at Rs 1,516. The scrip opened at Rs 1,515 and had touched a high and low of Rs 1,568 and Rs 1,453, respectively, in trade so far.

2.53 pm: Meanwhile, YES Bank informed BSE that the bank and London Stock Exchange have signed a memorandum of undertaking to foster the development around bond and equity issuance, with a strong focus on Green Infrastructure Finance. The MoU was signed on November 12 in London.

2.49 pm: Shares of Shipping Corporation of India jumped over 2.5 per cent after the company posted a net profit of Rs 161.21 crore for the quarter ended September 30, 2015 as compared to Rs 18.59 crore for the quarter ended September 30, 2014.

2.32 pm: Shares of fragrance maker S H Kelkar and Company will get listed on the stock exchanges, BSE and NSE, on Monday. The company’s Rs 500-crore initial public issue (IPO) which closed last month had received an overwhelming response from investors and was over-subscribed 27.08 times.

2.23 pm: Capital Goods stocks fell 2 per cent on BSE, with Alstom T&D India Ltd falling almost 4 per cent on BSE and NSE. Sensex was down 235 points at 25,632.20, Nifty dropped 63 points at 7,762.05.

2.00 pm: Sensex was down 248 points at 25,618. Foreign institutional investors have been net sellers of Indian equities for $273.87 million in November so far, data from the exchanges showed. Analysts expect further near-term losses in India. “Domestic earnings in second quarter were not encouraging and commentary for the third quarter (is) also not looking up. The continuing foreign outflows in anticipation of the Fed move will keep markets under pressure,” said Daljeet Kohli, head of research of IndiaNivesh Securities.

1.40 pm: Domestic equity markets are set to post a third straight weekly loss, weighed down on Friday by disappointing second-quarter earnings and foreign investor outflows, as funds continue to sell in anticipation of a potential US interest rate hike next month. Sensex was down 0.99 per cent at 25,611. The BSE Midcap and BSE Smallcap index were down 1.53 per cent and 0.83 per cent, respectively.

1.06 pm: In the 50-share index, Coal India, Kotak Mahindra Bank, BPCL, Axis Bank, Tata Steel were up between 1 per cent and 3.90 per cent. On the other hand, Cairn India, Vedanta, Zee Entertainment, ONGC and Ambuja Cement were down between 2.80 per cent and 4.20 per cent. Nifty 50 index was down 56 points at 7,769.

12.34 pm: Shares of CESC jumped over 3 per cent after the company reported 1.56 per cent rise in its net profit at Rs 195 crore for the quarter ended September 30, 2015 as compared to Rs 192 crore for the same quarter in the previous year. The company’s total income has increased by 7.09 per cent to Rs 1,797 crore for the quarter under review from Rs 1,678 crore for the corresponding quarter of the previous year.

11.48 am: Shares of Indiabulls Housing Finance fell as much as 17.5 per cent on Friday after the company on Thursday informed BSE that it will acquire a 39.76 per cent stake in the UK’s OakNorth Bank for USD 100 million (about Rs 661 crore). Sensex was down 268 points at 25,598.

11.27 am: Sensex was down 301 points at 25,565. Shares of Coal India was up 2.07 per cent at Rs 335.90.

10.55 am: Spicejet share price was trading 5.11 per cent down at Rs 47.35 after the low-cost carrier on Thursday reported a net profit of Rs 23.77 crore in the three months ended September driven by a steep fall in fuel costs and other expenses. Sensex was trading 229.93 points down at 25,637.02. NSE Nifty was trading 64.55 points down at 7,760.45.

10.19 am: A weak trend in other Asian markets in line with heavy losses in Europe and the US after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut also weighed on the sentiment here. Out of 1,979 stocks traded on the BSE, 1,238 have declined and 633 advanced so far.

10.07 am: Sensex was down 238 points at 25,628. Brokers said market mood took a hit after a government data showed that industrial production fell to a four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments. Adding to the gloom was inflation, which rose for a third straight month and touched 5 per cent in October.

9.56 am: The rupee appreciated by 11 paise to 66.20 against the US dollar in early trade on Friday on increased selling of the American currency by exporters.

9.30 am: Jet Airways shares gained over 1 per cent in the early trade on Friday after the company on Thursday informed BSE that it will upgrade its daily flights between Delhi and Singapore to an Airbus A330, from 25th of this month.

9.19 am: Sensex was down 227.50 points at 25639.45. Meanwhile, BSE received an update from the promoters of Essar Ports in relation to the proposed delisting of the equity shares of the company. The discovered price pursuant to tendering in the reverse book builiding process in terms of Delisting regulations is Rs 133 per equity share (Exit price). Shares of Essar Ports were trading 1.33 per cent up at Rs 129.35 in the early trade on Friday.

9.15 am: The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. Sensex opened 142.86 points down at 25,724.09. Nifty opened 62.55 points down at 7,762.45.

Asian shares looked vulnerable on Friday after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.

Wall Street also suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

Back home, companies such as Kaveri Seed, BGR Energy, Shipping Corporation, Wockhardt, CESC, Hindustan Dorr-Oliver, GMR Infra, EID Parry, IVRCL, J&K Bank, Jindal Saw, Mcnally Bharat Eng, MMTC and Nectar Lifescience may announce their results on Friday.

The first trading session of Samvat year 2072 ended on a positive note on Wednesday with the benchmark BSE Sensex rising 124 points and the NSE Nifty regaining the 7,800-mark, snapping a five-day long losing streak.

In special Muhurat one-hour trading session, the Sensex recovered by 123.69 points, or 0.48 per cent, to close at 25,866.95. Intra-day, the gauge hit session’s high of 25,944.93 and a low of 25,853.42. The gauge had lost 847.33 points in the past five sessions.

On similar lines, the broad-based National Stock Exchange index Nifty regained the psychological 7,800-mark by rising 41.65 points, or 0.54 per cent, to end at 7,825 after touching the session’s high of 7,847.95 and a low of 7,819.10.

(With inputs from agencies)