Sensex, Nifty fall over 1% as bulls take a breather
The Hindu
During the day, it tanked 823.43 points or 1.36% to 59,474.57.
Equity benchmarks fell on Friday after a continuous rally, with the Sensex and Nifty declining over 1% each amid profit-taking and weak global market trends.
The 30-share BSE Sensex, which had started the trade on a firm note, later gave up all the early gains and ended 651.85 points or 1.08% lower at 59,646.15. During the day, it tanked 823.43 points or 1.36% to 59,474.57.
The broader NSE Nifty fell 198.05 points or 1.10% to settle at 17,758.45.
From the Sensex pack, IndusInd Bank, Bajaj Finserv, Bajaj Finance, Tata Steel, State Bank of India, Maruti, NTPC, Hindustan Unilever and Reliance Industries were among the biggest laggards.
On the other hand, Larsen & Toubro, Infosys and Tata Consultancy Services were the gainers.
In Asia, markets in Seoul, Shanghai and Tokyo ended lower, while Hong Kong settled in the green.
Stock markets in Europe were trading mostly lower during mid-session deals. Wall Street had ended higher on Thursday.
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