Sectoral Watch – Most Discussed Iron & Steel Product Stocks
Source: https://stockarchitect.com/sector/Iron-And-Steel-Products
Last hour sell-off drags Sensex 289 pts lower; RIL, financials top losers
A selloff towards the fag end of Friday’s session dragged the benchmark indices lower after a range-bound trade for most part of the day.
Reliance Industries and banking stocks remained the top drags for the indices with the Bank Nifty dipping 1.17 per cent.
The benchmark S&P BSE Sensex ended 289 points, or 0.73 per cent, lower at 39,452, after touching an intra-day low of 39,363. Only five out of the 30 BSE constituents ended the day in the green, with IndusInd, Bharti Airtel, Kotak Bank, Axis Bank, and Tata Motors taking the deepest cuts.
The broader Nifty50 index tumbled 91 points to 11,823. About 808 shares advanced, 1686 shares declined, and 144 shares remained unchanged on the NSE.
On a weekly basis, both the Sensex slipped 0.5 per cent each.
All the Nifty sectoral indices ended Friday’s session with losses. Nifty Realty, down 2.1 per cent, was among the top losers, while Nifty Bank,Nifty Auto, Nifty FMCG, and Nifty Private Bank all slipped over 1 per cent.
In the broader market, the S&P BSE MidCap index was down 1 per cent to 14,721, while the S&P BSE SmallCap ended the day 110 points, or 0.76 per cent, lower at 14,366.