Closing Bell: Nifty slips below 16,600 , Sensex declines marginally to end in red; auto declines most
The Indian market ended with cuts of nearly half per cent after trading positively in most part of the session on Friday.
The Indian market ended with cuts of nearly half per cent after trading positively in most part of the session on Friday. Ahead of the scheduled Reserve Bank of India (RBI) Monetary Panel Committee (MPC) meeting between June 6-June 8, the benchmarks Nifty50 and the Sensex ended marginally lower by 0.2% and 0.09 % respectively.
The broader Nifty50 closed near16,600, while the Sensex marginally dropped to end near 55,800
In the broader market, Nifty midcap and small cap declined around 1.5% and 0.7% respectively.
Sectorally, Auto, PSU Bank and consumer Durables declined the most amid high volatility as IT and energy stocks drew some buying interest in the closing hours.
Reliance Industries led the benchmarks for the second day in a row ending higher by nearly two per cent on Friday. Infosys, L&T, HCL Tech, Sun Pharma, Wipro and TCS were other notable gainers.
Grasim was top loser on Nifty50, while Ultratech dragged the Sensex pack. Maruti, NTCP, Bajaj Finserv, Shree Cements, Hero MotoCorp were other top losers on the two indices.
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
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
03:37 PM IST