Benchmark closed mildly lower on Friday, with the Sensex ended lower by 44.43 points at 33,307.14 and the Nifty down by 15.8 points at 10,226.85. Investors kept on the sidelines due to want of clarity on the US tariff on steel & aluminium imports. Both indices shed 2.2% this week, in their second consecutive weekly fall.
The stock of Reliance Communications shed 13.75 percent to a day’s bottom level of Rs 21.65 before settling down 9.76 percent at Rs 22.7 on NSE.
Bank Nifty underperformed ending the session 0.74% lower. The Nifty PSU Bank stocks continued to register selling pressure plunging 1.81 percent Shares of Canara Bank and IDBI Bank seeing steep cuts of 6.25 percent and 5.48 percent respectively.
More than 116 stocks which include Allahabad Bank, BEML Limited and United Bank of India hit fresh 52-week lows on NSE on Friday.
Top Gainers and Losers on NSE: Tech Mahindra (up 2.30%), Bajaj Finance (up 1.83%), TCS (up 1.03%), Eicher Motors and Zee Entertainment up 1% each, as top gainers. On the other hand, top laggards include Tata Steel (-3.65%), Axis Bank (-2.60%), Adani Ports (-2.08%), YES Bank (-1.85%) Sun Pharma (-1.59%).
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