Share/Stock Market Highlights: The frontline indices on the BSE and National Stock Exchange (NSE) settled around 0.5 per cent lower on Friday led by a selloff in heavyweight IT and banking stocks.
The S&P BSE Sensex settled at 40,359.41, down 215.76 points or 0.53 per cent, while the broader Nifty 50 index declined 54.00 points or 0.45 per cent to end the day at 11,914.40.
In the sectoral indices, the Nifty IT index was the biggest loser on Friday slipping nearly 2 per cent to settle at 14,995.90. Bellweather stocks Infosys and Tata Consultancy Services (TCS) lost the most in the IT pack. The IT index was followed by Nifty Bank index, which slipped 0.76 per cent to end at 31,111.60. Here in this index, Kotak Mahindra Bank and HDFC Bank lost the most on Friday.
However, the broader market indices performed better than their benchmark peers. The S&P BSE MidCap index slipped 20.05 points or 0.14 per cent to end at 14,738.67, while the S&P BSE SmallCap settled at 13,353.78, down 3.34 points or 0.03 per cent.