Stock market LIVE: The broader markets were also deep in red with the BSE MidCap and SmallCap indices trading down up to1.5 per cent.
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
Equity indices surrendered mid-session gains to close lower for the third day in a row on Friday
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).
Equity benchmark indices Sensex and Nifty ended lower for a second day on Thursday after a volatile trade triggered by a selloff in banking shares. After oscillating over 700 points between gains and losses during the day, the 30-share BSE Sensex finally ended 104.67 points or 0.18 per cent lower at 57,892 points. The NSE Nifty dropped 17.60 points or 0.10 per cent to settle the day at 17,304.60 marking its second straight session of loss. The Sensex pull-back was mainly staged by constant selloffs in banking shares, led by ICICI Bank, Axis Bank and IndusInd Bank. Of the Sensex constituents, 19 shares suffered losses. Bucking the broader trend, index heavyweights HDFC and RIL rose up to 1.71 per cent. Elsewhere in Asia, markets ended mostly higher in line with positive Wall Street after Federal Reserve policymakers indicated they are leaning toward more decisive action on inflation but set no firm targets. Global crude oil benchmark Brent Futures fell 0.86 per cent to USD 93.99
HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today
The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of 145.37 points or 0.25 per cent
Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today
Log biggest gain in more than a year on signs of potential Russia-Ukraine 'climbdown'
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
Economists warned that US sanctions on Russia would have a severe impact on food, energy and metal prices
The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021
The top five losing stocks were from the technology sector
All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively
The Sensex ended the session at 58,926 - a gain of 460 points, or 0.8 per cent. The Nifty, on the other hand, ended the session at 17,606 - up 142 points, or 0.8 per cent.
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.
Small-, mid-caps bleed, even as Sensex ends in green
The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints
The domestic market has not just given up all post-Budget gains but also slipped into negative territory for the year