India’s stock market benchmark fell for a fourth straight session on Friday on weak global cues. Both indices are on track for their worst week since late November. Asian shares and U.S. futures fell after U.S. stocks slumped overnight on lingering concerns over Fed tightening and weaker-than-expected economic and earnings data.
Thirty BSE Sensex shares were down 722 points, or 1.21%, at 58,743 as of 9:25am, while the broader NSE Nifty was down 209 points, or 1.18%, at 17,548.
Small caps were in negative territory as the Nifty Midcap 100 lost 0.82% and small caps lost 0.77%.
In terms of specific stocks, Tech Mahindra was Nifty’s biggest loser as the stock fell 3% to Rs 1,616.90. Bajaj Finserv, Dr Reddy’s, Infosys and Divi’s Lab are also among the laggards.
On the other hand, PowerGrid, Hindalco and BPCL are the winners.
Overall market breadth was weak, with 963 shares up, while the BSE lost 1,603 shares.
Complete News Source : NDTV
