Nifty50 Tanks Over 1.5% on Friday; 25 Stocks on Sensex End in Red

  • Investing.com
  • Stock Market News
Nifty50 Tanks Over 1.5% on Friday; 25 Stocks on Sensex End in Red
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Tracking intense sell-offs across global markets, Dalal Street ended the week paring sharp losses with Indian benchmark equity indices Nifty50 ending 1.53% lower and the 30-scrip BSE Sensex dropping 1.54%. 

Broader markets ended worse, as Nifty Smallcap declined 2.5% and Nifty Midcap dropped 2.4%. Except IT, all sectors across the market ended Friday’s session in the red. 

While Nifty IT ended the session 1.68% higher, all the other sectoral indices on the NSE dropped over 2%, with Nifty Bank shedding 2.54%, Nifty PSU Bank losing 3.6%, and Nifty Media down 4.74%.

The losses were mainly led by financial, automobile, metal and oil and gas stocks.

Of the total 30 scrips on BSE Sensex, 25 ended Friday’s session in the red. The gainers on the list were Infosys (NS: INFY ), HCL Tech (NS: HCLT ), Power Grid (NS: PGRD ) and Sun Pharma (NS: SUN ), rising from 3% to 0.5%, while TCS (NS: TCS ) ended marginally up by 0.08%. 

Among the top laggards on Sensex were IndusInd Bank (NS: INBK ), Kotak Mahindra Bank Ltd. (NS: KTKM ), Hindustan Unilever (NS: HLL ), Titan (NS: TITN ), HDFC (NS: HDFC ), and Bajaj Finserv Ltd (NS: BJFS ), all losing over 3% on Friday.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Kedy Chhatrapati @Kedy Chhatrapati
    How much more market will fall?
    Like 1
  • jeetu kumar @jeetu kumar
    ok
    Like 1
  • Pradyut Roy @Pradyut Roy
    15500-14500 NIFTY in next 2 months
    Like 0
    • Koushik Chakraborti @Koushik Chakraborti
      it will never happen, but if it happens, I will be the happiest person. Any side, i.e. up or down trend are the best to earn, rather than a boring sideways move.Yes, I do agree market cue is weak, but the fundamentals are not so poor till now.But your margin target can be touched during Q3 2022.All financial sectors are sure to crash down
      Like 1
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100
  • Pradyut Roy @Pradyut Roy
    Saga has statred
    Like 0
    • Prashant Singh @Prashant Singh
      @Pradyut Roy It can happen only if Nifty closes below 16900 next week
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100

Related Articles