Indian equities in Friday’s trade ended lower amid weakening global cues and as investors preferred staying on the sidelines ahead of the key US inflation print. At the close, the 30-share Sensex ended at 81,451.01, down 0.22 per cent or 182 points, while the Nifty50 tumbled 0.33 per cent or 82.9 points to settle at 24,750.7.
Meanwhile, the broader markets too ended in the red, with the Midcap index ending lower by 0.2 per cent.
Bank Nifty, on the other hand, moved higher by 0.38 per cent amid hefty gains in the PSU Banking scrips.
From the Nifty50 pack, top gainers included stocks like Zomato, State Bank of India, HDFC Bank, Dr. Reddy’s and Larsen and Toubro, while laggards were Bajaj Auto, Hindalco, Shriram Finance, HCL Technologies and Nestle.
Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI, remarkedÂ
Vinod Nair, Head of Research, Geojit Investments Limited.
Sectorally, all the indices succumbed to selling pressure, with only PSU Banking gauge bucking the trend with gains of as much as 3 per cent. IT, metals, consumer durables led the laggards as market momentum continued to suffer after the appeals court once again reinstated Trump’s tariffs.
Stocks in news
Apollo Hospitals: Ahead of its earnings later today, the stock ended with a tad cut of 0.43 per cent.
Bajaj Auto: Despite positive set of March quarter earnings, the stock ended lower by nearly 3 per cent in Friday’s trade.
Mazagon Dock Shipbuilders: After the company posted a decline in its March quarter profit, shares of the defence PSU tumbled up to 8 per cent.
Technical outlook
Global markets
Amid lingering global worries around trade tariffs, European markets defying market trend traded on a positive note. At around the last time at 3:25 pm, German DAX index was up around 0.9 per cent, while FTSE index traded higher by 0.8 per cent.
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