Closing Bell: Markets snap 3-day gaining streak; Sensex, Nifty50 down over 1.3% - IT stocks drag most
Mere 5 stocks closed in the green, with Indian Oil Corporation gaining most by over 1.5 per cent in otherwise negative market.
Amid weak global cues, the Indian markets on Friday snapped the three-day winning streak to end negative, as both Sensex and Nifty50 closed over 1.5 per cent lower. The decline was mainly led by information & technology, financial services, and banking stocks.
At the market close, the BSE Sensex slipped over 773 points or 1.31 per cent to 58155-level, while Nifty50 tumbled over 231 points or 1.31 per cent to 17374-mark. Underperforming to benchmarks, the mid and small-cap indices plummeted over 2 per cent each at the market close today.
See Zee Business Live TV Streaming Below:
Mere 5 stocks closed in the green, with Indian Oil Corporation gaining most by over 1.5 per cent in the otherwise negative market, followed by IndusInd Bank, NTPC, Tata Steel and BPCL gained marginally.
On the contrary, as many as 45 stocks closed in the red, with Grasim and Tech Mahindra each falling over 3 per cent, followed by Infosys, UPL and HCL Tech each down over 2 per cent at close.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
04:31 PM IST