Domestic markets extended losses in Friday’s intra-day trade, weighed by index heavyweights like Bajaj Twins, Tata Consultancy Services, ICICI Bank, Infosys, Tech Mahindra, among many others.
While the benchmark index Nifty50 dropped over 100 points and dipped below 17,900 level, the S&P BSE Sensex slumped over 400 points to near 59,900 levels.
Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.7 per cent.
Sectorally, Nifty Realty, Nifty Metal, and Nifty FMCG indices attempted to trim losses with marginal gains. On the flipside, Nifty IT, and Nifty Media, and Nifty Bank indices declined up to 1 per cent.
Among individual stocks, shares of IDBI Bank gained 5 per cent after Sebi acceded to the central government’s request to reclassify its shareholding in the Bank after its disinvestment as “public holding”. READ MORE
Besides, shares of Speciality Restaurants rallied 6 per cent to hit a record high of Rs 268.10 amid heavy volumes in an otherwise weak market. READ MORE
