Closing Bell: Nifty down nearly 1%, Sensex loses over 350 points; auto, tech shares top losers
The Indian markets closed in the red weighed down by auto and metal stocks, which continued to pull down the benchmark indices amid profit booking and weaker global cues on Thursday.
The Indian markets closed in the red weighed down by auto and metal stocks, which continued to pull down the benchmark indices amid profit booking and weaker global cues on Thursday.
In the holiday-shortened week, the Nifty and the Sensex both extended their losses as the former closed 0.86% or 153.30 points lower to 17,745.35 and the latter was down over 350 points to settle at 59,636.01 on the last trading day of the week.
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The broader markets underperformed the benchmark indices as mid-cap slipped around 450 points or 1.5 per cent to 31271.4 and Small-cap down around 2 per cent or 200 points to 11036 levels at the market close on Thursday.
The 12-share Nifty Bank also slid below 38,000-mark as it declined by 91.05 or 0.24% to 37,950.50. The decline was mainly led by IndusInd Bank down over 2.5 per cent.
Of 50 scrips on Nifyt50, mere 7 stocks closed in the green, while 43 declined on the last day of the market today. The Indian markets will be closed on Friday (November 19,2021) on account of Guru Nanak Jayanti.
Tata Motors, Tech Mahindra, Mahindra and Mahindra, Larsen and Toubro, HCL Tech, and Eicher Motors declined between 3 to 4 per cent on Thursday, a weekly F&O expiry day. SBI, Powergrid, HDFC Bank, IOC and Reliance supported the indices in the otherwise negative market.
Other stocks such as Hero Moto, Dr Reddy’s Shree Cement, Maruti, UPL, BPCL, Coal India, Bajaj Finance, ONGC, Wipro, Bajaj Finserv, JSW Steel, Adani Ports each slipped between 1.5-2.5 per cent at the market close today.
All sectoral indices concluded in the red on the last day of the week, metal, auto, and IT stocks declining most, followed by realty and media indices impacting the broader markets.
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