Sensex, Nifty Post First Weekly Loss In Seven
Closing Bell: A Week Of Losses
The six-week gaining streak of India's benchmark indices came to an end in a week of consolidation. Benchmark indices declined in four out of the five sessions this week.
The S&P BSE Sensex ended 0.34% lower at 37,606 while the NSE Nifty 50 declined 0.14% to end at 11,087. Both Sensex and the Nifty declined for the third straight day.
Among the sectoral indices - the Nifty Pharma outperformed for the third straight day, ending 3.6% higher. Gains on the index were led by Sun Pharma and Cipla, both ending with gains of over 5%. Both were also the top performers on the Nifty 50 index.
Other sectoral gainers were the Nifty PSU Bank index and the Nifty Realty index, both ended with gains of over 1.4%.
The Media index was the only major sectoral laggard, ending 0.9% lower.
Broader markets outperformed in today's session. The midcap index posted gains of 0.4% while the smallcap index gained 0.8%.
Market breadth ended in favour of the laggards. 957 stocks on the NSE ended with losses while 829 stocks gained.