Market erases all gains, Nifty falls below 23,300
At close, the Sensex was down 422.59 points or 0.54% at 77,155.79, while the Nifty fell 168.60 points or 0.72% at 23,349.90.
After a mixed start on Friday, Indian markets recovered early losses to move up during the intraday trade. The Sensex rose as 178.74 or 178.74 per cent to touch 39,230.80 at 1216 hours. Similarly, NSE Nifty moved 46.60 or 0.40% to reach 11,632.95.
Top gainers in the Sensex were -Yes Bank (7.07%), Coal India (2.73%), Reliance (1.98%), Larsen (1.88%), Maruti Suzuki (1.24%).
On the other hand, top losers are— M&M (-1.09 %), Bajaj Auto (-0.68%), IndusInd Bank (-0.37%), Bharti Airtel (-0.38%), Tata Motors (-0.18%).
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Markets have gained for 5 consecutive sessions, experts believe that overall breadth has improved drastically and the institutional buyers are finally participating.
(With input from agencies)
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