Markets closed lower for straight eight trading session due to selling pressure in rate sensitive stocks as uncertainity over the rollback of remained loom
The S&P BSE Sensex ended 153.17 points or 0.79% lower at 19,164.03. The index hit a high of 19,451.70 and a low of 19,078.72 in intraday trade on Friday. While CNX Nifty closed at 5,677.90, down by 49.95 points or 0.87%. The index touched a high of 5,761.85 and a low of 5,649.00 in intraday trade.
Among sectoral indices, the S&P BSE Realty Index closed 4.01% lower, Power Index slipped by 3.70%, Metal Index plunged by 3.60%, PSU Index lost 2.60%, Consumer Durable Index ended 5.30 higher, IT index rallied by 0.96% and Technology Index was up by 0.55%. The S&P BSE Midcap Index closed 0.40% lower, while BSE S&P Smallcap Index edged lower by 1.32%.
Amoing the index gainers were TCS up by 1.60%, Wipro up by 0.58%, Infosys up by 1.04%, Reliance Industries gained by 0.80% and Tata Motors advanced up by 0.45%.
Among the index losers were Jindal Steel down by 7.30%, Coal India fell by 5.80%, Sterlite Industries down by 3.90%, Tata Steel fell by 3.70% and Tata Power fell by 3.90%.
Power Grid Corp fell 11.56%, after the company stated that it would be issuing equity shares through FPO (Follow on Public Offer) to raise fund for ite investment programme.
Infosys closed up by 1.04%, surged to its 52-week high of Rs 3,019.95, after global brokerage firm CLSA upgraded its target price.
The overall market breadth was firm negative. Out of 2,407 stocks traded, 1,487 shares declined compared to 777 advanced on the BSE.
