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MARKET WRAP: Sensex halts 4-day gaining streak, slips 164 pts; realty falls
All that happened in markets today
Halting its four-day gaining streak, equity market ended in the negative territory on Friday amid worries over economic damage from the coronavirus outbreak and profit-booking in some of the recent outperformers.
The S&P BSE Sensex today slipped 164 points or 0.4 per cent to settle at 41,142, with NTPC (up over 3 per cent) being the top gainer and IndusInd Bank (down nearly 3 per cent) the biggest loser.
Reliance Industries (RIL), HDFC, ICICI Bank and L&T contributed the most to the index's losses.
The NSE's Nifty50 index ended at 12,086, down 51.55 points or 0.42 per cent.
On a weekly basis, both Sensex and Nifty gained nearly 4 per cent each.
Sectorally, realty stocks bled the most while media and pharma counters advanced the most. The Nifty Realty index fell around 2 per cent to Rs 320.55. On the other hand, Nifty Media climbed nearly 2 per cent to 1,823 points and the Nifty Pharma settled over 1 per cent higher at 8,335-mark.
In the broader market, the Nifty Midcap 100 index rose 0.57 per cent to 18,350 points while the Nifty SmallCap 100 ended flat at 6,236 levels, down 0.07 per cent.
Asian share markets fell on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak snuffed out a late-week rally. US stock futures and European futures point to soft openings in Friday.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.9 per cent. Japan’s Nikkei edged lower, while Korea’s Kospi, Hong Kong’s Hang Seng and the Shanghai Composite fell by between 0.5 per cent and 1.2 per cent.
Oil and metal prices fell hard as the coronavirus outbreak gained pace and have been slow to recover. US crude was firm on Friday at $51.02 per barrel, but is flat for the week and remains 14 per cent below its January 21 level. Brent prices were last at $55.14 per barrel.
(With inputs from Reuters)