The benchmark indices on Friday settled lower as investors booked profits in index heavyweights such as ITC and HDFC ahead of a long weekend, but posted their biggest weekly gain in six weeks.
The S&P BSE Sensex ended at 29,918 down 111 points, while the broader Nifty50 closed at 9,304, down 38 points.
In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.2% and 0.6%, respectively.
The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, 1,479 shares fell and 1,386 shares rose. A total of 136 shares were unchanged.
Nifty Realty index (down 1.7%) was the leading sectoral loser, led by losses in Prestige (down 4%) and Delta Corp (down 4%) and Indiabulls Real Estate (down 3%).
The Nifty Bank pared entire intraday losses to settle 0.1% higher.
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Benchmark indices continued trading under pressure as investors remained cautious ahead of inauguration speech of Donald Trump as US President and after disappointing Axis Bank’s earnings.
Nifty 50 breached its 8,400 level dragged by Axis Bank, Bank of Baroda, Adani Ports and ACC while BSE Sensex fell as much as 296 points at intra-day.
S&P BSE Sensex settled the day at 27,034, down 274 points, while the broader Nifty50 ended at 8,349, down 85 points.
Among broader markets, BSE Midcap index fell 1.5% while BSE Smallcap index fell 0.1.2%.
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The benchmark indices ended the Friday’s session lower as markets looked to settle down after the US Federal Reserve on Wednesday issued an outlook that was more hawkish than expected.
The S&P BSE Sensex ended at 26,489, down 30 points, while the broader Nifty50 closed at 8,139, down 14 points.
The market breadth, indicating the overall health of the market, remained negative. On the BSE, 1,486 shares declined and 1,122 shares rose. A total of 167 shares were unchanged.
Bharti Airtel was the top loser and lost 3% on the BSE. Other losers included ONGC, Adani Ports, ICICI Bank and ITC.
The S&P BSE Sensex settled 77 points down at 26,105 and the Nifty50 eased 6 points to close at 8,074. In the broader market, BSE Midcap rose 0.61% while Small cap closed 0.25% higher.
Even though the indices were largely range-bound during the day, Sensex rose 120 points as well as fell more than 100 points during the day. Nifty50 also breached its crucial 8,050 level during the day.
Weaker rupee boosted export-oriented sectors like pharma even when the overall market sentiment was not very positive.
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So far we have informed our readers on how StockArchitect brings to you the views of analysts. Not only do we bring to you the views of analysts, we also capture and bring to you the views of top anchors. In short, we have readied for your reference the views of the people who matter. After all, our mission is to help you make informed decisions.
Here are the views of some of the people from the week that went by.
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