Sensex, Nifty Erase All Early Gains, Slip Into Red

The Indian equity benchmarks on Friday slipped into red during afternoon deals, erasing all gains recorded in the early trading session.

New Delhi: The Indian equity benchmarks on Friday slipped into red during afternoon deals, erasing all gains recorded in the early trading session. The 30-share BSE Sensex pack fell more than 700 points to hit an intraday low of 59,401.44.

As of 12:59 pm, Sensex was down 107 points or 0.18 per cent at 59,495; while the broader NSE Nifty moved 11 points pr 0.06 per cent lower to 17,735.

Mid- and small-cap shares were trading slightly higher as Nifty Midcap 100 index was up 0.14 per cent and small-cap shares were up 0.17 per cent.

On the stock-specific front, Bajaj Finserv was the top Nifty loser as the stock cracked 1.57 per cent to Rs 17,705. Bajaj Finance, Mahindra & Mahindra, HDFC and L&T were also among the laggards.