Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) ended over 1 per cent lower on Friday dragged by losses in index-heavyweights Reliance Industries, HDFC twins and Kotak Bank, after the discovery of two cases of the new Omicron variant in the country a day earlier.
The S&P BSE Sensex crashed 764.83 points (1.31 per cent) to end at 57,696.46 while the broader Nifty 50 fell 204.95 points (1.18 per cent) to settle at 17,196.70. Both the indices had opened marginally higher earlier in the day but soon gave up their gains and turned red.
PowerGrid was the top loser in the Sensex pack, shedding over 4 per cent, followed by Reliance Industries, Asian Paints, Kotak Bank, Tech Mahindra and Bharti Airtel. On the other hand, L&T, IndusInd Bank, Tata Steel and UltraTech Cement were among the gainers.
Among sectors, the Nifty Financial Services index fell 1.13 per cent weighed by Kotak Mahindra Bank, HDFC Life Insurance Company and SBI Life Insurance Company. The Nifty FMCG index too slipped 1.04 per cent dragged by Varun Beverages. The Nifty IT dipped 0.86 per cent due to a fall in Tech Mahindra and L&T Technology Services.
(with inputs from agencies)