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Market Wrap: Sensex ends 54 points down, Nifty at 11,035; Wipro falls 5%

Among sectoral indices, Nifty Metal index ended 1.5 per cent lower with Jindal Steel & Power and MOIL among the top losers.

BS Web Team  |  New Delhi 

Benchmark indices ended marginally lower on Friday led by a fall in ICICI Bank, State Bank of India (SBI), HDFC, RIL and Axis Bank.

The S&P ended at 36,671, down 54 points while the broader Nifty50 index settled at 11,035, down 23 points.

Among sectoral indices, Metal index ended 1.5 per cent lower with Jindal Steel & Power and MOIL among the top losers. The IT index, too, settled 1.1 per cent lower, dragged by and Infibeam Avenues

In the broader market, the S&P MidCap index ended 12 points, or 0.08 per cent lower at 14,804, while the S&P SmallCap index settled at 14,529, down 11 points, or 0.08 per cent.

Shares of fell 5 per cent to Rs 256 in intra-day trade on the BSE in after huge block deals were executed on the counter. Till 11:22 am, a combined 57.86 million equity shares, representing 1.3 per cent equity, of had changed hands on the National Stock Exchange (NSE) and BSE. The stock ended at Rs 256.50, down 4.6 per cent.

Shares of hit a 52-week high of Rs 58.20, up 6.5 per cent on the BSE in the intra-day trade, extending its past three weeks' rally after the government announced capital infusion of Rs 6,896 crore in the bank.The stock settled 4.39 per cent higher at Rs 57.05.

First Published: Fri, March 08 2019. 16:09 IST
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