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.
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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.
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