Sensex, Nifty fall on profit booking in pharma, banking stocks

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.

Updated Date: Jul 28, 2017 16:27 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See