Equity benchmark Sensex fell 123 points on Friday due to selling pressure in metal and energy stocks amid a bearish trend in global equity markets.
Traders said a rise in crude oil prices and selling by foreign investors also influenced market sentiment.
Snapping two-day gains, the 30-share BSE Sensex ended 123.52 points, or 0.20 per cent, down at 60,682.70. The index touched a high of 60,774.14 and a low of 60,501.74 during the session.
The broader NSE Nifty slipped 36.95 points, or 0.21%, to close at 17,856.50.
HCL Tech was the biggest loser on the Sensex chart, shedding 2.79%, followed by Tata Steel, ICICI Bank, Reliance Industries, ITC, Wipro, Infosys and M&M.
In contrast, Tata Motors, L&T, Bharti Airtel, HDFC Bank and SBI were among the winners, climbing up to 2.05%.
“During the week, the benchmarks BSE-30 and Nifty-50 were almost flat. However, BSE Midcap and BSE Small-cap indices witnessed positive gains during the week.
“Sector-wise, BSE Metal and BSE Power indices witnessed sharp correction, while Healthcare, IT, Capital Goods and Realty registered gains this week,” said Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Among the sectoral indices, the metal declined 1.51 per cent on Friday, followed by Utilities (1.35%), Power (0.84%) and Energy (0.69%).
Realty, capital goods and industries remained in profit.
Adani Group flagship Adani Enterprises closed 4.15% down at Rs 1,847.35. Shares of edible oil major Adani Wilmar Ltd slipped 0.95% to close at Rs 436.10 per share. Adani Transmission and Adani Total Gas declined by 5% each, while Adani Green Energy declined by 4.99%.
Shares of Ambuja Cements rose 0.85% to ₹361.05, NDTV fell 3.65% to ₹208.65, and ACC declined 1.85% to ₹1,881 on the exchange.
Meanwhile, Adani Ports and Special Economic Zone gained 0.31% to Rs 583.85.
In the broader market, the BSE Midcap gauge rose 0.04 per cent, and the Smallcap index rose 0.48 per cent.
Elsewhere in Asia, bourses in Shanghai and Hong Kong ended with losses, while Tokyo and Seoul ended with gains.
Equity exchanges in Europe were trading with losses in the afternoon session. In the overnight session, the US markets closed with a significant decline.
Research head Vinod Nair said, “Domestic indices lost ground following the global slide as investors speculated on prospects of further policy tightening.” Expressed.” At Geojit Financial Services.
On Friday, the rupee lost 4 paise to close at 82.55 against the US dollar.
International oil benchmark Brent crude was trading 2.32% higher at $86.46 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth ₹144.73 crore on Thursday, according to exchange data.