Closing Bell: Markets end lower amid volatility; Sensex down 191 pts, Nifty ends at 17000

The Indian markets ended the last session of this week in the red, snapping a three-day surge on Christmas eve. Both the Sensex and Nifty50 recovered from day’s low, as the former closed nearly 200 points and the latter closed above the 17000-mark, dragged by banking and financial stocks. 

At the market close, the BSE Sensex is down 191 points or 0.33 per cent to 57124, while the Nifty50 down around 69 points or 0.4 per cent to 17003-level. Even the broader markets witness weakness as mid-cap slipped over 1 per cent, and small-cap nearly half a per cent at the market close. 

Nifty Bank, one of the key contributors to Nifty, is dragging the market most by around 335 points or 0.95 per cent to 34,856 at the market close. 

As many as 11 stocks are in the green and 39 are in the red on Nifty50. HCL Tech, which was the top laggard intraday rose last hour to surge over 3 per cent, followed by Tech Mahindra, SBI Life each up over 2 per cent, while Wipro, Infosys gained marginally at the close in an otherwise weak market.  

On the contrary, the profit booking was seen in Grasim in the last hour, as the stock was top gainer intraday today, it slipped almost 3 per cent, followed by NTPC down over 2.5 per cent. While Bajaj Finserv, M&M, IOC, Eicher Motor each down around 1.5 per cent each at the market close.  

In IPO segment, Data Patterns’ shares made a stellar debut on the bourses on Friday, December 24. The stock was listed at around 48 per cent premium to Rs 864 per share on the BSE and over 46 per cent at Rs 856.05 per share on the NSE from its issue price of Rs 585 per share.