Markets end lower with auto, IT stocks under pressure
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
At close, Sensex was up 317.93 points or 0.41% at 77,606.43, and the Nifty was up 105.10 points or 0.45% at 23,591.95.
At close, the Sensex was up 32.81 points or 0.04% at 78,017.19, and the Nifty was up 10.30 points or 0.04% at 23,668.65.
At close, the Sensex was up 1,078.87 points or 1.4% at 77,984.38, and the Nifty was up 307.95 points or 1.32% at 23,658.35.
The stock market extended gains for the fifth consecutive session on Friday, ignoring weak global markets.
Benchmark indices on Wednesday extend the fall on sixth consecutive session as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower.
At close, the Sensex dropped 1.3%, shedding 1,018 points to settle at 76,293.60, while the Nifty declined 1.32%, losing 309.8 points to end at 23,071.80. Fresh tariff developments have fuelled caution among investors.
The stock market on Friday remained indifferent to the Reserve Bank of India’s (RBI) rate cut as Sensex and Nifty closed lower for the third consecutive session.
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.