Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) continued their losing spree and ended lower for the fourth consecutive day on Friday weighed by IT major Infosys and FMCG major ITC.
The S&P BSE Sensex slipped 101.88 points (0.17 per cent) to end at 60,821.62 while the Nifty 50 fell 63.20 points (0.35 per cent) to settle at 18,114.90. Both the indices had begun in the green and traded in the positive territory throughout the morning before giving up their gains towards the afternoon and turning negative.
Infosys was the top contributor to Sensex’s fall on Friday, along with ITC, Tata Consultancy Services (TCS), Maruti Suzuki India and HCL Technologies. On the other hand, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, HDFC Bank and Axis Bank were among the gainers.
Among the sectoral indices on NSE, the Nifty Metal index crashed 3.04 per cent weighed by Vedanta and Hindustan Zinc. The Nifty IT index too was slipped 1.44 per cent dragged by MphasiS, L&T Technology Services and Infosys. Likewise, the Nifty Pharma too fell 1.55 per cent due to a fall in Laurus Labs and Biocon.
(with inputs from agencies)