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CLOSING BELL
Inventory market highlights: International doom rocked Indian equities on Friday as traders fretted over longer-than-expected sticky inflation, coupled with aggressive financial coverage tightening. Monitoring losses in international friends, the benchmark S&P BSE Sensex plunged 1,114 factors intra-day, earlier than settling at 54,303, down 1,017 factors or 1.84 per cent.
The NSE Nifty50, in the meantime, held the 16,200-mark to shut at 16,202, down 276 factors or 1.68 per cent. The index had hit a low of 16,173 in the course of the day. Within the broader market, the Nifty MidCap 100 and SmallCap100 fell as much as 1 per cent.
ALSO READ: Why did the Sensex fall on Friday?
Over 35 Nifty shares ended the session within the purple with Bajaj Finance, HDFC, Kotak Financial institution, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4 per cent. The losses had been trimmed by features in Grasim Industries, Asian Paints, Apollo Hospitals, Divis Labs, and Dr Reddy’s Labs, that gained over 0.5 per cent every.
Sectorally, all however Nifty FMCG ended the session within the purple. The losses had been led by the Nifty IT, Oil & fuel, Non-public Financial institution, and Monetary Providers indices as they fell 2 per cent every.
ALSO READ: Chris Wood rejigs India equity exposure; replaces HDFC with HDFC Bank
International cues
US inventory futures had been muted in early premarket commerce on Friday, whereas shares in Asia-Pacific closed largely within the purple.
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