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Market traded lower on Friday on AGR verdict; Bank Nifty fall more than 1.25 per cent
Market ended lower for the second consecutive day as the Supreme Court's adjusted gross revenue (AGR) verdict over telecos was announced on Friday. Traders also turned cautious ahead of the weekend on uncertainty over coronavirus. Nifty closed at 12,113.50, shedding 61.20 points. All the major indices traded lower. PSU banks, FMCG and private bank stocks traded with negative sentiments throughout the day. Nifty bank closed at 30,834.80 shedding 395.45 points from the previous day’s closing.
As per weekly option data, huge call writing on higher
