Share market closing Bell! Sensex, Nifty end in RED, Sun Pharma advances over 10% at close
The Indian markets on Friday ended on a negative note, as both benchmark indices Sensex and Nifty failed to hold gains and closed with a minor cut. Midcaps, however, outperform and closed in the green.
The Indian markets on Friday ended on a negative note, as both benchmark indices Sensex and Nifty failed to hold gains and closed with a minor cut. Midcaps, however, outperform and closed in the green.
The BSE Sensex closed 66.23 points or a 0.13 per cent lower to 52586.8, while Nifty50 declined by 15 points or 0.10 per cent to 15763 at the close today. In broader markets, the mid-cap index grew over 300 points or 1.1 per cent to 27815 levels at the market close on Friday.
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Important index to market, Nifty Bank closes in the red by 107 points or 0.31 per cent to 34584.3 levels, with SBI (results next week) and ICICI Bank being the top losers.
On the weekly front, Market posts decline for the second straight week, Sensex and Nifty each slip by 0.6 per cent, while Nifty Bank slumped by 3 per cent in the last two weeks, and it witnessed the biggest 2-week fall in nearly four months. Midcap index regains last week losses, up 1 per cent this week.
Out of 50 scrips on Nifty50, 27 advanced, 23 declined at the close. Amid its in line first-quarter results, Sun Pharma shares jumped over 10 per cent, followed by Tech Mahindra up 7 per cent and Cipla ended over 4 per cent higher at the market close on Friday.
While, Adani Ports, Shree Cement, Power Grid, Bajaj Auto each surged above 2 per cent at the market close on Friday.
On the other hand, Bajaj Twins — Bajaj Finance and Bajaj Finserv contributed most of the markets decline on Friday, as each fell by over 2.5 per cent today, followed by Hindalco and SBI each slipped by over 2 per cent, while UPL ahead of results expectations also tumbled around 2 per cent.
Except for banking, financial, and metal stocks, all other sectoral indices ended in the green on the last day of trading session this week. Nifty Pharma led by Sun Pharma and Cipla became the top sectoral gainer by 3.6 per cent, while Nifty Metal slumped most than its sectoral peers by 0.7 per cent.
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