Sensex, Nifty end lower
DOMESTIC benchmark indices ended on a negative note after a choppy session on Friday amid weak global cues as the US Fed hinted at a rate hike next month.
The 30-share Sensex fell 79.13 points, or 0.22 per cent, to close at 35,158.55. The broader NSE Nifty lost 13.20 points, or 0.12 per cent, to end at 10,585.20.
In the Sensex pack, Bharti Airtel was the biggest loser, falling 2.45 per cent, after Moody’s Investors Service placed the company’s rating on review for downgrade following low levels of profitability and expectation of weak cash flow.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
On the other hand, Yes Bank was the top gainer on Sensex, rallying 5.49 per cent, followed by Asian Paints, Adani Ports, Sun Pharma, Hero MotoCorp, HUL and Maruti, rising up to 3.79 per cent.
Mid and small-cap shares outperformed larger peers as the BSE MidCap and SmallCap indices rose nearly 1 per cent each.
Shares of aviation companies gained due to softening of crude oil prices. InterGlobe Aviation and SpiceJet stocks rose up to 3 per cent. Scrips of oil marketing companies like HPCL, BPCL and Oil India also rallied up to 4.70 per cent.
Elsewhere in Asia, Shanghai Composite ended 1.39 per cent lower, while Hang Seng Index fell 2.39 per cent and Japan’s Nikkei closed 1.05 per cent down.
In Europe, DAX was down 0.49 per cent and STOXX50E rose 0.69 per cent.