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Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%

CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates

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MARKET LIVE | Markets | Nifty

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

MARKET LIVE: Nifty50 slips below 15,800, Sensex sheds 100 pts; Autos shine
CLOSING BELL

Stock market highlights: 
Fag-end selling engulfed the on Friday as investors booked profit in banks and metal stocks. With this, the ended lower for the sixth straight day despite upbeat global mood.

The S&P slumped 992 points from the day's high to end at 52,794, down 137 points or 0.26 per cent. SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates. READ MORE

NTPC, ICICI Bank, Axis Bank, Maruti Suzuki, Airtel, HDFC twins, and Bajaj twins were the other draggers.

On the NSE, the Nifty50 shut shop at 15,782, down 26 points or 0.16 per cent, after hitting an intra-day high of 16,084. Meanwhile, in the broader market, the SmallCap index added over 1.3 per cent and the MidCap index gained 0.6 per cent.

Sectorally, the Metal index fell 2 per cent, followed by the Bank index (down over 1 per cent). On the upside, the Auto index gained 2.5 per cent led by Tata Motors. Shares of the Tata Group company settled over 8 per cent higher as investors cheered the company's long-term growth prospects. READ MORE

Primary market update (as of 3:30 PM)

IPO: Issue subscribed 1.5 times so far on final day with QIB portion at 2.6x; NII at 5 per cent; retail at 54 per cent; and employees at 25 per cent.

Venus Pipes and Tubes: Issue subscribed 14.4 times so far with retail portion at 17.7 times; NIi at 14 times; and QIB at 8.8 times. 

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