Markets end down in a truncated week; Sensex down 219 and Nifty down 73

On Thursday, the benchmark indices fell for the third consecutive session, settling over 0.5 per cent lower led by fall in banking and metal stocks. The S&P BSE Sensex ended at 34,981, down 219 points or 0.6 per cent, while the broader Nifty50 index settled at 10,527, down 73 points or 0.7 per cent.

The BSE and the National Stock Exchange (NSE) are closed for trade on Friday, on account of Gurunanak Jayanti. All wholesale commodity markets, including metal and bullion, are also closed. The forex and commodity futures markets, too, will not trade.

It was a negative end for the market in this truncated week with the Nifty giving up 10,550-mark.

Private banks were major contributors to the Nifty Bank’s underperformance. Telecom pack, too, saw some pressure. Consumption, energy, metals, and pharma saw the most losses after banks, while selling was visible in the midcaps space.

Adani Ports, TCS, and Zee Entertainment were the top gainers, while M&M, Tata Steel, and Grasim lost the most.

At the close of market hours, the Sensex was down 218.78 points or 0.62 percent at 34981.02, while the Nifty was lower by 73.20 points or 0.69 percent at 10526.80. The market breadth was negative as 1,093 shares advanced, against a decline of 1,489 shares, while 153 shares were unchanged.

Here are some picks from the week gone by.

Company: ITC Ltd. CMP: 280.00 Mastermind

Company: Hindustan Unilever CMP: 1675.00 Mastermind

Company: Suven Life CMP: 252.25 Mastermind

Company: Jindal Steel CMP: 168.35 Mastermind

Company: CEAT Ltd. CMP: 1237.95 Mastermind

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