Comments
Anxiety over Reliance Industries results and the RBI’s proposal to tighten loan restructuring norms saw benchmark indices shedding 0.7 per cent.
The Nifty lost 38 points to close at 5,205 and the Sensex lost 120 points to close at 17,158.
“Markets ended the day and the week with loss of about 0.6 per cent on the benchmarks. There were results reactions which dominated stock price movements today with gains on stocks like Asian Paints and Zee. Quarterly numbers have been either in-line or below-market-estimates for most companies. The sentiment was impacted today by the developments on the political side early on in the day. Brent crude price is now above the $107 per barrel mark, which is also a concern,” said Mr Dipen Shah, Head, PCG Research Kotak Securities.
All indices barring, auto, consumption media and metals were in the red on the NSE.
On the BSE, the only gainers were auto, consumer durables, metals and FMCG indices.
The BSE Bankex lost 1.28 per cent while the Bank Nifty lost 1.32 per cent on Friday.
The volatility index India Vix rose three per cent to close the day at 16.89.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.