By Malvika Gurung
Investing.com -- The Indian equity benchmark indices ended Friday’s volatile session lower, with Nifty50 dropping 0.79% and BSE Sensex sliding 0.72%, extending sell-offs in the domestic market for the fourth consecutive session.
This was due to looming fears of rising interest rates amid surging inflation, paired with geopolitical tensions, a selling spree of foreign portfolio investors, and a weaker Indian rupee.
With Friday’s session coming to an end, investors have lost Rs 10.17 lakh crore on Dalal Street in four days.
Among the Nifty’s sectoral indices basket, 10 out of 11 sectors ended in red, with Nifty FMCG ending 0.36% higher. Nifty Media tanked the most by 3.47%, while sector Nifty PSU Bank declined 3.05% and Nifty Bank dropped 0.73%.
Among the blue-chip stocks, Bajaj Auto (NS: BAJA ) gained the most, closing 3.67% higher, while Maruti Suzuki (NS: MRTI ), Hindustan Unilever (NS: HLL ), Hero MotoCorp (NS: HROM ), HDFC Bank (NS: HDBK ), Nestle (NS: NEST ) and Hindalco Industries (NS: HALC ) also ended higher.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.