Sensex, Nifty fall on profit booking in pharma, banking stocks
On a weekly basis, the Sensex climbed 280.99 points, or 0.87 Percent, while the Nifty gained 99.25 points, or 1 percent
Mumbai: The benchmark BSE Sensex on Friday fell by 73 points as investors booked profits in pharma, banking and auto stocks after disappointing financial results.
The 30-share index closed at 32,309.88, down by 73.42 points, or 0.23 percent.
After opening lower, the BSE barometer touched a low of 32,104.66 as investors booked profits in recent gainers.
However, emergence of buying in the last hour of trade helped the index recoup most of initial losses.
The broader NSE Nifty fell by 6.05 points, or 0.06 percent, to close at 10,014.50 as 29 index constituents declined.
The 50-share index had dropped below the 10,000 mark to hit a day's low of 9,944.50 as pharma stocks such as Dr Reddy's, Lupin and Sun Pharma fell up to 6 percent intra day.
Among others, ICICI Bank fell by 3.6 percent after its quarterly results failed to enthuse investors. Hero MotoCorp, Axis Bank and Hindustan Unilever also fell.
On a weekly basis, the Sensex climbed 280.99 points, or 0.87 Percent, while the Nifty gained 99.25 points, or 1 percent.
The top gainers of BSE Sensex were SBI, Tata Steel, Maruti, Axis Bank and Tech Mahindra. The top laggards were Infosys, Asian Paints, Hindustan Unilever, Nestle India and Bajaj Finance
All the sectoral indices ended in red amid rise in oil prices. Realty, auto and metal stocks dip in closing trade
As for sectoral indices, realty, IT and consumer durables ended in green while the rest incurred losses.