Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) corrected for the third successive day, declining over 1 per cent on Friday led by a decline in the banking, financial and information technology (IT) stocks amid weakness in the global markets.
The S&P BSE Sensex tanked 677.77 points (1.13 per cent) to end at 59,306.93 while the Nifty 50 tumbled 185.60 points (1.04 per cent) to settle at 17,671.65.
Reliance Industries (RIL) was the top contributor to the fall in Sensex on Friday. It was followed by Infosys, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, Larsen & Toubro (L&T) and HDFC Bank. On the other hand, ICICI Bank, Ultratech Cement, Maruti Suzuki India, Tata Steel and Dr. Reddy’s Laboratories were the top gainers.
Among sectors, the key Bank Nifty fell 1 per cent weighed by RBL Bank, IndusInd Bank and Kotak Mahindra Bank. The Nifty Financial Services too declined 1.03 per cent dragged by Mahindra & Mahindra Financial Services, Shriram Transport Finance Company and HDFC. Apart from these, the Nifty IT index too fell 1.45 per cent due to a fall in Coforge and Tech Mahindra.
(with inputs from agencies)