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The NSE index fell for a fifth consecutive session on Friday to post its worst weekly fall since December 2011, continuing to reel after a forecast of weaker-than-expected monsoon raised fears that the central bank would not cut rates again this year.
Global shares fell with wary investors anticipating more debt drama over Greece and a solid US payrolls reading.
The 30-share BSE index Sensex fell 44.93 points or 0.17 per cent at 26,768.49 and the 50-share NSE index Nifty fell 15.95 points or 0.2 per cent at 8,114.70.
Sectoral indices
Among BSE sectoral indices, metal index was the star-performer and was up 1.78 per cent, followed by PSU 1.35 per cent, FMCG 1.05 per cent and infrastructure 0.93 per cent. On the other hand, realty index was down 1.44 per cent, followed by banking 0.93 per cent, IT 0.8 per cent and auto 0.6 per cent.
Major Sensex gainers were Coal India (+4.44%), GAIL (+3.42%), NTPC (+2.52%), ONGC (+2.32%) and Sun Pharma (+1.97%), while the top five losers were ICICI Bank (-2.18%), Tata Motors (-2.11%), HDFC (-1.62%), Axis Bank (-1.38%) and TCS (-1.3%).
Early trade
The benchmark BSE Sensex extended its losses for the fourth straight day today, falling 84.16 points or 0.31 per cent to 26,729.26 in early trade.
The gauge had lost 1,035.57 points in the previous three consecutive sessions after RBI took a cautious stance on the economic recovery and fears of a drought after the Met department downgraded 2015 monsoon forecast to “deficient’’.
Similarly, the NSE Nifty slipped 28.95 points or 0.35 per cent to 8,101.70.
Global markets
European shares opened lower on Friday, setting a key regional index on course for its steepest weekly fall so far this year, after Greece delayed a key debt payment and as caution prevailed ahead of US employment data.
The pan-European FTSEurofirst 300 index was down 0.6 per cent at 1,548.10 points at 0705 GMT.
Asian shares were mostly lower on Friday while bonds snapped a vicious losing streak and the euro retreated as investors braced for US jobs data and another day of drama over Greece.
The main exception was China where stocks reached new highs after a week of roller-coaster action. Shanghai added 1 per cent to clear the 5,000 barrier for the first time since early 2008, while the CSI300 gained 1.1 per cent.
Elsewhere, the mood was subdued with MSCI’s broadest index of Asia-Pacific shares outside Japan down a slim 0.2 per cent. Japan’s Nikkei 225 dipped 0.5 per cent, while shares in South Korea lost 0.4 per cent.
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