The Indian equity markets, on Friday, continued their journey southwards, dragged down primarily by banks and financial stocks, despite a bounce in crude oil prices and global stocks.
The S&P BSE Sensex dipped 410 points, or 1.5 per cent, at 27,850 levels and the Nifty50 index was down 110 points, or 1.4 per cent, at 8,140 level.Among individual stocks, Kotak Mahindra Bank was again the top loser after slipping 7 per cent. Besides, IndusInd Bank dipped another 5 per cent while both ICICI Bank and HDFC were down 4 per cent each. On the other hand, pharma stocks gained with Lupin and Cipla surging 10 and 7 per cent, respectively.
Nifty Bank and Nifty Financial Services indexes, both down over 3 per cent, were the top sectoral losers. On the other hand, Nifty Pharma index was up 1.8 per cent.
No comments
Post a Comment