Sensex, Nifty End Near Six-Month Low; Post Third Straight Weekly Loss
Weekly Market Wrap
Five Nifty Stocks Close At Multi-Year Low
Indian equity markets ended off the lowest point of the day but with significant losses, posting their third straight weekly decline.
The S&P BSE Sensex Index fell 2.32 percent to end at 37,576, its lowest level since September 19, 2019. For the week, the benchmark index was down 1.88 percent.
The NSE Nifty 50 index too ended off the day's low but with losses of 2.57 percent at 10,979. This was its lowest level since September 19, 2019. The index was down 1.92 percent this week.
All sectoral indices ended with losses for the day. Nifty I.T. and Nifty Pharma were the only two indices that managed to register gains for the week.
Market breadth remained in favour of the declines. 1,287 stocks ended with declines while 301 stocks closed with gains.
Large Trade Alert: Reliance Industries
11.2 lakh shares of the company exchanged hands in a large trade on the National Stock Exchange as per Bloomberg data. Buyers and sellers in the trade were not immediately known.
The stock trades at Rs 1,271 per share, down 3 percent. It has traded with losses for 12 out of the last 14 trading sessions. It has lost 15 percent during this period.
The Fab Four Stocks Of The Day
- Future Lifestyle Fashions (Up 12.8%): Snaps 12-day Losing Streak
- Dixon Technologies (Up 6.3%): Emkay Says Buy With Price Target Of Rs 5,111
- Karur Vysya Bank (Up 4%): Snaps 10-Day Losing Streak
- Borosil Renewables (Up 5%): Ex-date For Demerger