After being rangebound throughout the session, benchmarks ended lower on Friday. High inflation for week ended May 31 and weak European markets subdued investor sentiment. Realty stocks remained under pressure on fears of hike in interest rates.
The Bombay Stock Exchange’s Sensex closed at 15,173 down 76.81 points or 0.50 per cent. It touched a high of 15,337.10 and low of 15135.81.
National Stock Exchange’s Nifty ended at 4516, down 23.35 points or 0.51 per cent. The index touched a high of 4563.35 and low of 4491.35.
BSE Midcap Index ended flat at 6,228.17 while BSE Smallcap Index gained 0.74 per cent to close at 7581.72.
Losers on the index comprised Jaiprakash Associates (down 4.03%), DLF (3.61%), HDFC Bank (3.45%), Cipla (2.63%) and Hindustan Unilever (2.54%).
Ranbaxy Laboratories (up 4.31%), ICICI Bank (3.03%), BHEL (2.79%), TCS (2.16%) and Tata Motors (2.16%) were the index gainers.
Surging food and fuel prices pushed India’s wholesale price index to 8.75 per cent from 8.24 per cent in the previous week.
European stocks were down on inflation concerns. The FTSE 100 was down 0.97 per cent, the DAX 30 dropped 0.73 per cent and the CAC 40 slipped 0.89 per cent.
Market breadth was positive on the BSE with 1439 advances and 1155 declines.
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