Stock market today : Nifty50 and BSE Sensex , the Indian Equity markets closed lower in a range-bound session on Friday, dragged down by losses in IT, metal, and auto shares amid weak Asian cues and investor caution ahead of domestic GDP data .
The broader NSE Nifty 50 declined by 82.90 points or 0.33 per cent to close at 24,750.70. The 30-share BSE Sensex fell by 182.01 points or 0.22 per cent to settle at 81,451.01, with 24 of its constituents ending in the red. During intraday trade, the index dropped 346.57 points or 0.42 per cent to 81,286.45.
Sector-wise, metal, IT, and auto stocks led the losses, while banking counters posted gains.
Among Sensex stocks, Tech Mahindra was the top laggard, falling 1.73 per cent. Other notable losers included HCL Tech, Asian Paints, NTPC, Infosys, Nestle, Sun Pharma, and Tata Steel.
On the other hand, gainers included Eternals, State Bank of India, HDFC Bank, Larsen & Toubro, Reliance Industries, and Bajaj Finserv.
"A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay on the sideline. The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation," said Vinod Nair, Head of Research at Geojit Financial Services, quoted PTI.
"Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI," he added.
"Markets languished in negative territory to end lower amid weak Asian cues as investors cut their position in IT, metal, oil & gas and auto shares," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
The BSE midcap index slipped 0.39 per cent while the smallcap gauge edged up 0.17 per cent.
Among sectoral indices, metal dropped the most at 1.68 per cent, followed by BSE Focused IT (1.14 per cent), commodities (1.14 per cent), utilities (1.09 per cent), teck (0.99 per cent), auto (0.91 per cent) and telecom (0.79 per cent). Financial services, bankex and capital goods sectors posted gains.
On the weekly basis, the BSE Sensex declined 270.07 points or 0.33 per cent, while the NSE Nifty shed 102.45 points or 0.41 per cent.
In the broader region, key Asian indices including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai Composite, and Hong Kong’s Hang Seng ended in the red. However, European markets were trading higher, and US stocks closed on a positive note Thursday.
Foreign Institutional Investors (FIIs) bought shares worth Rs 884.03 crore, while Domestic Institutional Investors (DIIs) were net buyers of equities worth Rs 4,286.50 crore on Thursday, as per exchange data.
Meanwhile, global oil benchmark Brent crude rose 0.44 per cent to USD 64.43 a barrel.
On Thursday, the Sensex had gained 320.70 points or 0.39 per cent to end at 81,633.02, while the Nifty rose 81.15 points or 0.33 per cent to 24,833.60.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
The broader NSE Nifty 50 declined by 82.90 points or 0.33 per cent to close at 24,750.70. The 30-share BSE Sensex fell by 182.01 points or 0.22 per cent to settle at 81,451.01, with 24 of its constituents ending in the red. During intraday trade, the index dropped 346.57 points or 0.42 per cent to 81,286.45.
Sector-wise, metal, IT, and auto stocks led the losses, while banking counters posted gains.
Among Sensex stocks, Tech Mahindra was the top laggard, falling 1.73 per cent. Other notable losers included HCL Tech, Asian Paints, NTPC, Infosys, Nestle, Sun Pharma, and Tata Steel.
On the other hand, gainers included Eternals, State Bank of India, HDFC Bank, Larsen & Toubro, Reliance Industries, and Bajaj Finserv.
"A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay on the sideline. The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation," said Vinod Nair, Head of Research at Geojit Financial Services, quoted PTI.
"Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI," he added.
"Markets languished in negative territory to end lower amid weak Asian cues as investors cut their position in IT, metal, oil & gas and auto shares," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
The BSE midcap index slipped 0.39 per cent while the smallcap gauge edged up 0.17 per cent.
Among sectoral indices, metal dropped the most at 1.68 per cent, followed by BSE Focused IT (1.14 per cent), commodities (1.14 per cent), utilities (1.09 per cent), teck (0.99 per cent), auto (0.91 per cent) and telecom (0.79 per cent). Financial services, bankex and capital goods sectors posted gains.
On the weekly basis, the BSE Sensex declined 270.07 points or 0.33 per cent, while the NSE Nifty shed 102.45 points or 0.41 per cent.
In the broader region, key Asian indices including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai Composite, and Hong Kong’s Hang Seng ended in the red. However, European markets were trading higher, and US stocks closed on a positive note Thursday.
Foreign Institutional Investors (FIIs) bought shares worth Rs 884.03 crore, while Domestic Institutional Investors (DIIs) were net buyers of equities worth Rs 4,286.50 crore on Thursday, as per exchange data.
Meanwhile, global oil benchmark Brent crude rose 0.44 per cent to USD 64.43 a barrel.
On Thursday, the Sensex had gained 320.70 points or 0.39 per cent to end at 81,633.02, while the Nifty rose 81.15 points or 0.33 per cent to 24,833.60.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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