Mumbai: Equity benchmark Sensex dropped 155 factors on Friday, monitoring losses in index heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid largely detrimental cues from world markets.
The 30-share BSE index ended 154.89 factors or 0.31 per cent decrease at 49,591.32.
Similarly, the broader NSE Nifty slipped 38.95 factors or 0.26 per cent to 14,834.85.
Bajaj Finance was the highest loser within the Sensex pack, shedding round 3 per cent, adopted by ExtremelyTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank.
On the opposite hand, Sun Pharma, HUL, Tech Mahindra and Dr Reddy’s had been among the many gainers.
“Domestic equities traded range-bound with continued selling pressure from financials. Further, weak cues from Asian markets and concerns of sharp rise in COVID-19 cases across the country weighed on sentiments,” mentioned Binod Modi, Head Strategy at Reliance Securities.
While financials remained a drag, pharma shares witnessed robust shopping for on account of expectations of enchancment in gross sales quantity within the backdrop of spike in new coronavirus instances, he mentioned, including IT shares remained in focus forward of outcomes subsequent week.
He said that continued sharp rise in coronavirus instances within the nation and resultant mobility restrictions are anticipated to weigh on investor sentiment within the close to time period. Further, latest weak point within the rupee may additionally irritate buyers’ issues and adversely influence FPIs flows, he added.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended within the purple, whereas Tokyo completed with beneficial properties.
Top inventory exchanges in Europe had been largely buying and selling on a detrimental word in mid-session offers.
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Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.27 per cent decrease at USD 63.03 per barrel.Â
