Benchmark equity indexes ended lower on Friday as weakness in global markets continued to worry investors.
S&P BSE Sensex lost 202.36 points to settle below 65,000, while NSE Nifty50 lost 53.95 points to end at 19,310.15. All broader market indexes also fell on negative Dalal Street sentiment.
As can be seen, this is the longest weekly losing streak in the past 15 months.
Among industry indexes, Nifty IT was a strong loser with a drop of nearly 1.5%; Nifty Bank, Nifty Auto, and Nifty Financial Services also ended negative. Nifty FMCG and Nifty Metal are among the few indicators that managed to end the session in positive territory.
The top 5 winners of the Nifty50 are Adani Enterprises, Adani Ports, Eicher Motor, Maruti, and Britannia. On the other hand, the top 5 losers are Hero MotoCorp, TechMahindra, TCS, Hindalco, and Infosys.
Information technology stocks were battered in the session on global weakness following renewed concerns about rates rising in the United States, alongside China's struggling economy.
Adani Group companies, including Adani Enterprises and Adani Ports, are the top winners in the Nifty50 after a media report that Abu Dhabi-based energy and utilities company TAQA is running plans to invest nearly $2.5 billion in the group's energy business. However, the Adani Group denied the report,
Meanwhile, Adani Enterprises ADEl.NS and Adani Ports APSE.NS rose more than 3% to the top of the Nifty 50 index after a media report said Abu Dhabi energy and utilities company TAQA TAQA. AD plans to invest nearly $2.5 billion in Indian conglomerate energy companies.
However, both entities denied the report in separate statements issued today.
Among other developments, Concord Biotech extended its listing gain to more than 27% from its IPO price, with its shares closing the session at Rs 942.8 per share.
