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
Top 5 Small-Cap Funds With Best SIP Returns in 3 Years: What Rs 5,000 and Rs 10,000 SIPs in each fund have given
Gold and Silver rates today (May 27, 2024): MCX gold jumps after sharp losses last week, silver nears Rs 92,100/kg levels
70:15:15 Investment Strategy: Can you build over Rs 1 crore corpus with just Rs 20,000 salary? Know calculations
Shark Tank India: This startup gets blank check offer as revenue soars 10 times in 15 months, resulted in clash between judges
04:31 PM IST