The Sensex and Nifty closed in the negative territory for the third consecutive session on Friday, dragged down by heavy selling pressure witnessed in metals, auto, realty, IT, media, pharma and financial stocks. The Sensex, which fell 338 points to an intra-day low of 35,985.63 points, made a sharp recovery in late-afternoon deals to end Friday’s trade at 36,227.14 points, down 97.03 points or 0.27%. The Nifty ended 47.10 points or 0.43% lower at 10,930.45 points.
HDFC twins, Reliance, Axis Bank and ITC were the top contributors to the Sensex index in today’s trade, whereas LT, Yes Bank, Maruti Suzuki, Bharti Airtel, Tata Steel, Hero MotoCorp, Vedanta and Power Grid stocks together wiped off over 200 points.
In early morning trade deals on Friday, the domestic equity market indices slid into the negative territory after a higher opening on heavy selling pressure in index heavyweights. Although Sensex and Nifty had recouped from their day’s lows and traded in the positive territory during mid-morning deals, the indices failed to hold on to their gains on selling pressure.
Infibeam Avenues tumbled 73% to a record low of Rs 53.50 on the NSE on Friday. Yes Bank shares fell over 18% in intra-day trade on Friday. Most NBFC stocks witnessed value buying.