Share Market, Gold, Petrol, Diesel Price/Rate Highlights: After two consecutive record-breaking sessions, the benchmark equity indices on the BSE and National Stock Exchange (NSE) ended nearly 1 per cent lower on Friday after Moody’s Investors Service cut its outlook on the Government of India’s ratings to ‘negative’ from ‘stable’.
The S&P BSE Sensex settled at 40,323.61, down 330.13 points or 0.82 per cent. For a brief period in afternoon trade, the 31-stock index had erased all its day’s losses and scaled a record intra-day peak of 40,749.33. The index was pulled down on Friday by information technology (IT) giants Tata Consultancy Services (TCS) and Infosys. Apart from these two, FMCG-major ITC and oil-to-telecom giant Reliance Industries (RIL) also contributed to Sensex’s fall on Friday.
The broader Nifty 50 index on NSE fell below 12,000-mark and settled at 11,908.15, down 103.90 points or 0.86 per cent.
On a week-on-week basis, S&P BSE Sensex rose 0.39 per cent while Nifty 50 gained 0.15 per cent.
In the broader markets, the S&P BSE MidCap index settled at 14,731.11, down 117.08 points, down 0.79 per cent on Friday. The S&P BSE SmallCap fell 71.28 points or 0.53 per cent to end at 13,474.75.
Among sectors, the Nifty Pharma index on NSE was the worst performer on Friday as it declined 2.24 per cent weighed by Sun Pharmaceutical Industries and Glenmark Pharmaceuticals.
The rupee traded on a weak note in late afternoon session on Friday. The domestic currency was at 71.25 against the dollar, down from its previous close of 70.97 against the greenback.