The markets closed Friday’s session on a lower note. The Nifty 50 closed the session 83 points or 0.33% lower at 24,750, the Sensex fell 182 points or 0.22% to settle at 81,451.
However, the banking stocks surged higher breaking ranks with the overall markets, the Nifty Bank rose 204 points or 0.37% to end at 55,750.
The BSE Midcap fell 175 points or 0.39% to 45,136.35; on the other hand, the BSE Smallcap surged 88 points or 0.17% to 52,413.25.
For the week, the Nifty 50 closed 0.41% lower while the Sensex ended 0.40% lower. This is the second consecutive week, when the benchmark indices closed on a lower note.
“A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay sidelined. 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. 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 the RBI,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Friday’s session on a negative note. During the session, the Nifty 50 fell as much as 0.46%, while the 30-stock index, Sensex, declined 0.42%.
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Zomato was the top gainer in the Nifty 50 in Friday’s session, closing 5% higher. It was followed by SBI, HDFC Bank, L&T, and Dr Reddy’s Lab.
Top losers
Meanwhile, the shares of Bajaj Auto were the biggest losers in today’s trade. It was followed by Hindalco, HCL Technologies, Shriram Finance, Nestle India, and many others.
Best and worst performing business groups
The Adani Group’s market capitalisation has risen the most in Friday’s trade, gaining over 9%. In the list of Adani Group stocks, all five stocks closed the session on a higher note. Adani Group was followed by Muthoot Group, whose market cap increased by almost 6.45%, Jaipuria’s market cap increased by 6.41%, and others. However, the KK Birla Group’s market cap declined the most,
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