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After a weak trading session through the day, the markets extended the losses to close in the red on Friday on the back of heavy profit booking.
The benchmark BSE Sensex closed at 26,127, down 145 points or 0.55 per cent. The Nifty settled at 7,790 mark, down 40 points or 0.51 per cent.
Alex Mathews, Head of Research, Geojit BNP Paribas Financial Service said: "After hitting an all time high of 7840.95, we saw heavy sell in the markets on the back of profit booking in banking and metal stocks. Also the Wipro’s earnings which were slightly below the street expectations cause selling in the IT stocks. In the days to come the markets may find the support on the FII activity other wise will find directions from the upcoming corporate earnings."
Barring the healthcare and FMCG sector, which closed up around 1.81 per cent and 0.80 per cent respectively all other sectors ended lower. The major losers for the day were realty and metal which ended down around 2.86 per cent and 2.49 per cent respectively.
The Nifty volatility index, India VIX stood at 14.22 down around 3.40 per cent. Sun Pharma, Lupin, HUL, Asian Paints and HDFC were among the top gainers on NSE whereas Tata Motors, Cairn, DLF, Wipro and Jindal Steel were among the losers today.
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